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Highlights
The Australian share market is poised to fall at open.
According to the latest SPI futures, the ASX 200 would open 38 points or 0.55% lower.
The Dow Jones fell 1.95%, the S&P 500 dipped 2.08% and the NASDAQ ended 2.48% lower.
The Australian share market is poised to fall at open on Thursday following a dismal overnight night trade on Wall Street. The US market sentiment remained volatile amid uncertainty about the US midterm elections and anxiousness ahead of the October inflation data. On the other hand, domestic Australian energy shares could weaken on oil price fall.
According to the latest SPI futures, the ASX 200 would open 38 points or 0.55% lower. On Wednesday, the benchmark index ended 0.6% higher at 6,999.3 points.
On Wall Street, the Dow Jones fell 1.95%, the S&P 500 dipped 2.08% and the NASDAQ ended 2.48% lower.
In Europe, the Stoxx 50 fell 0.3%, the FTSE dipped 0.1%, the CAC dropped 0.2%, and the DAX fell 0.2%.
MSCI's all-country world index fell 1.41%.
Meanwhile, Bitcoin fell 9.81% to US$16,730.00 amid concerns about the stability of the sector after a "liquidity crunch" led major exchange FTX into a potential deal with rival Binance.
Bond yields
US yields on the long end of the curve rose in choppy trading on Wednesday as results for the midterm elections so far have not shown the widely anticipated sweeping "red wave" Republican victory, leaving investors to focus on the upcoming inflation data.
- The yield on 10-year Treasury notes was up 2.3 basis points to 4.151%.
Oil prices fall
On Wednesday, oil prices fell after industry data showed US crude stockpiles rose more than expected and on concerns a rebound in COVID-19 cases in top importer China would hurt fuel demand.
- WTI futures slipped US$3.08 to settle at US$85.83 a barrel.
- Brent futures fell US$2.71 to US$92.65.
Gold prices slip
Gold slipped as an uptick in the dollar nudged bullion prices off a more than one-month high.
- US gold futures settled 0.1% lower at US$1,713.70.
