Business
Australian shares to drop, as Dow Jones sinks on COVID-19 and election uncertainty – ABC News
Australian shares are expected to drop, as surging COVID-19 cases and uncertainty over the impending United States election weigh on global markets.
The Australian share market is expected to drop for its fifth consecutive day, and drift below its three-week low.
Surging COVID-19 cases and the possibility of a contested United States election resulthave continued to weigh on global markets.
ASX futures were down 24 points (-0.4pc) by 7:05am AEDT.
The Australian dollar was steady at 71.2 US cents as the greenback weakened.
In economic news, the latest inflation figures from the Bureau of Statistics are likely to show a big improvement over the…
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