Australian shares set for further slide after Wall St slump on Friday

26 Mar 2018 – Following weak leads from US markets, the Australian share market looks set to open lower. The sell-off on Wall Street continued on Friday amid mounting fears of a trade war between.

Thats it for the Trading Day blog for Monday, August 26. australian shares made back some ground by the close, but still finished 1.3 per cent lower to 6440 after the latest escalation in US-China.

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On the local bourse, consumer stocks were well down, led by an 8.5 per cent slide in Myer after the department store giant flagged a significant deterioration in trading conditions in the December.

The Australian share market looks set to open around 1.5 per cent lower after Wall Street’s key index again take a painful tumble. At 0700 AEDT on Friday, the share price futures index was down 82 points, or 1.41 percent, at 5,730.Shrugging off early weakness on falling commodities stocks, Australia’s benchmark finished modestly higher as financials joined a recovery they largely missed.

THE Australian market looks set to open modestly higher, following Wall Street’s positive lead as international tech stocks regrouped and investors. which on Tuesday went into a trading halt after.

The Australian share market has fallen sharply in early trade, following a steep fall on Wall Street on Friday and a further plunge in crude oil prices. Wall Street’s benchmark S&P 500 index.

The ASX 200 is easing heading into lunch on Tuesday after a soft lead from Wall Street. The benchmark index is around 20 points or 0.3% lower despite the energy sector continuing to outperform after yesterday’s spike in oil prices. Materials are a major drag however with miners falling in response to weaker commodity prices.

Australian shares are extending their slide throughout the session as the banks and major miners continue to slide. The S&P/ASX 200 Index is down 169 points, or 2.6 per cent, to 6426.9.

The Aussie share market is heading for a second 100 point or near 2% slump on Tuesday after Wall Street endured its biggest one day fall of the year on Monday. A 7% slump in iron ore prices and weaker oil prices will see further pressure on local investors, as it did on Monday.

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Australian shares have slid 1.7 per cent in early trade after Wall Street again tumbled overnight, with energy and materials leading the losses.