The Aussie market is significantly lower later this morning, following falls on Wall Street overnight as markets reset lower following the Fed’s decision to lift rates.
The SPI futures contract is down 58 points at 4996.
Wall Street was down almost one per cent, dragged down by energy stocks, a day after the US Federal Reserve raised its interest rate for the first time in almost a decade.
No local news expected today.
In the equities space, grains marketer Graincorp holds its annual general meeting.
- SPI futures down 58pts at 4996
- AUD at 71.27 US cents; ¥87.447, €65.89 and £47.848
- On Wall St, late, S&P 500 -1%, Dow -0.9%, Nasdaq -0.8%
- In Europe, Stoxx 50 +1.84pc, FTSE 100 +0.68pc, CAC 40 +1.14pc, DAX +2.57pc
- Spot gold shed $US21.12 or 2% to $US1051.20/oz at 3pm NYC
- Brent crude fell 39 US cents or 1% to $US37.00/bbl at 2.35pm NYC
- US oil fell 58 US cents or 1.6% to $US34.94/bbl at 2.34pm NYC
- Iron ore rose 0.6 per cent to $US39.43 a dry ton
What’s on today
Australia Prime Minister Malcolm Turnbull arrives in Tokyo for diplomatic and trade discussions with the Japanese government; US Markit services PMI, Kansas City Fed manufacturing index; Canada CPI
Stocks in focus
RBC Capital Markets has an “outperform” on Aurizon Holdings and a $5.50 price target.