Business
Australian shares set to slip as Wall Street drops from record levels – ABC News
Wall Street drops from its record highs, weighed down by tech stocks and Tesla after a fatal crash involving a driverless car, while the Australian market is set…
Australian shares are set to begin their day modestly lower after Wall Street fell from its record highs.
ASX futures were down 32 points (-0.5pc) to 7,017, by 8:25am AEST.
The Australian dollar had risen(+0.3pc) to 77.6 US cents, as the greenback dropped to a six-week low.
“The market has had a huge jump to the upside so it needs to take a little bit of rest,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.
“For now it’s just a little bit of profit-taking…
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