However, the Australian dollar was buying 67.26 US cents, after dropping by a hefty 1.1% overnight.
It’s also weaker against the Japanese currency, having dropped 1.4% to 88.06 yen.
Here’s a snapshot of how markets are looking at 7:30am AEDT:
- ASX futures: +0.8% to 6,946 points
- Wall Street: Dow Jones (-0.3%), S&P 500 (-0.6%), Nasdaq Composite (-0.8%)
- Europe: FTSE (+1.4%), DAX (+0.8%), Stoxx 600 (+1.2%)
- Brent crude oil: -4.3% to $US82.28 a barrel
- Gold: +0.8% to $US1,838 an ounce
Losses on US markets were led by a 14.7% tumble in electric-vehicle maker Tesla, after it missed Wall Street estimates for quarterly deliveries.
Apple dropped 4.3% to its lowest since June 2021, following a rating downgrade due to production cuts in China.
Meanwhile, a stronger US greenback led to oil prices falling sharply.
Oil market also took a beating from concerns about slowing global economic growth, especially after the latest data from China showed its factory activity shrank in December.