The Australian market looks set to open lower after Wall Street was dragged down by a fall in Apple share, although the decline was limited by gains in energy shares.
The SPI is trading at 5352, down 14 points.
Investors appeared unimpressed by Apple’s new iPhone 7. The tech giant’s shares fell 2.6 per cent to $105.52, its biggest daily percentage decline since the Brexit vote on June 24 and prompting the Nasdaq to break a four-day streak of gains.
Locally, in economic news on Friday, the Australian Bureau of Statistics is due to release housing finance data as well as overseas arrivals and departures figures, both for July.
No major equities news is expected.
- The SPI is trading at 5352, down 14 points
- AUD -0.4% to 76.40 US cents
- On Wall St, Dow -0.2%, S&P 500 -0.2%, Nasdaq -0.4%
- In Europe, Stoxx 50 -0.3%, FTSE +0.2%, CAC -0.3%, DAX -0.7%
- Spot gold -0.6% to $US1337.23 an ounce
- Brent crude +3.9% to $US49.86 a barrel
- Iron ore -0.5% to $US58.14 a tonne
- What’s on today
Housing finance July