Australian shares are poised to open lower after a late sell-off in New York pushed the S&P 500 into negative territory. The selling was attributed to a report that Pfizer will struggle to meet demand for its vaccine.
ASX futures were down 7 points to 6611 near 8am AEDT, reversing earlier gains. The currency advanced as high as US74.50¢; the Bloomberg dollar spot index slid another 0.5 per cent. The yield on the US 10-year note drifted 2 basis points lower to 0.91 per cent.
Loading...
Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
