The local share market is set to rebound from yesterday’s significant losses (which took the ASX 200 to its lowest level in two months).
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.