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

Australian shares are expected to open with. central bank’s June policy meeting minutes. Wall Street’s main indices have retreated from their record closing highs after a robust June jobs report.

A trader reacts near the end of the day on the floor of the New York Stock Exchange in New York, U.S. Photograph: Brendan Mcdermid/Reuters Here’s Reuters closing market report: US STOCKS SNAPSHOT-Wall.

A rally on Wall Street after Wednesday’s slump helped European shares. further rate rises could be sanctioned. So the final scores in Europe showed: On Wall Street, the Dow Jones Industrial Average.

That’s it for the Trading Day for Friday 26 July. Australian shares. Samantha Bailey 4.21pm: Stocks clock 1.4pc weekly gain The ASX pulled-back on Friday after hitting near-record highs on Thursday.

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 Greek parliament is set to. National Australia Bank dropped 25 cents to $24.41, Westpac firmed three cents to $21.40, anz surrendered 17 cents to $21.30, and Commonwealth Bank eased 43 cents to.

The People’s Bank of China set Friday. after allegedly violating the social network’s policies. Asia markets were broadly positive on Wednesday as the U.S. seeks to restart trade talks with China.

SYDNEY/WELLINGTON, Aug 1 (Reuters) – Australian shares tumbled 1.4 percent from six-year highs on Friday in a sharp fall across all sectors after Wall Street tumbled overnight as strong U.S. economic data stoked concerns the Federal Reserve may start its rate-tightening cycle sooner than expected.

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.

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Australian shares have continued to slip under pressure from the heavyweight financial sector, while subdued business confidence has hit the local dollar. A strong mining sector offset some of the market’s losses but the benchmark S&P/ASX200 index had by 1200 AEDT on Tuesday extended its daily slide.

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