ASX to dip; Wall St treads water

Local shares to retreat as Wall Street turns flat. Amazon shares slip after earnings released. Bank of England cuts cash rate. Nick Scali profits dive. Domino's to shutter stores.

It has been a busy first week of reporting season. Picture: Max Mason-Hubers

Welcome to the Trading Day blog for Friday, February 7. The ASX 200 is set to dip after testing new highs on Thursday.

ASX 200 futures are 0.2 per cent lower to 8469.

On Wall Street, the S&P 500 closed 0.4 per cent higher, the technology-focused Nasdaq Composite Index gained 0.5 per cent and the Dow Jones Industrial Average shed 0.3 per cent.

US 10-year bond yields are higher to 4.437 per cent.

Oil prices are again lower with global benchmark Brent trading at $US74.26 per barrel and WTI Nymex at $US70.56 per barrel.

Gold futures are lower to $US2880.77.

Cryptocurrency market leader bitcoin is trading above $US96,000.

The Aussie dollar is trading around US62.84c.

Originally published as ASX to dip; Wall St treads water