Business
Australian shares to slip; Wall Street and oil prices drop as European COVID cases surge – ABC News
Australian shares are expected to begin the day lower, as Wall Street posts heavy losses and oil prices tank on concerns about Europe’s third wave of COVID infections,…
Australian shares were expected to begin the day lower, as Wall Street posted heavy losses and oil prices tanked on concerns about Europe’s third wave of COVID infections, new lockdowns and slow vaccine rollout.
ASX futures were down 7 points (-0.1pc) by 7:00am AEDT.
As investors’ appetite for risk faltered, “commodity currencies” like the Australian dollar fell sharply (-1.6pc) to 76.24 US cents.
Germany extended its lockdown until April 18, and Chancellor Angela Merkel urged citizens to stay at…
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