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ASX 200 to fall as US tariffs hit; $A tumbles; reporting season starts
Aussie shares set to retreat heavily from records as reporting season kicks off under spectre of White House tariffs on China, Canada and Mexico. ASIC begins investigation into ASX CHESS incident.
Welcome to the Trading Day blog for Monday, February 3. The ASX 200 is set to heavily retreat after US President Donald Trump signed executive orders placing tariffs on China, Canada and Mexico.
ASX 200 futures are 1.2 per cent lower to 8406.
On Wall Street on Friday, the S&P 500 closed 0.5 per cent lower, the technology-focused Nasdaq Composite Index shed 0.3 per cent and the Dow Jones Industrial Average closed down 0.8 per cent.
US 10-year bond yields were last higher to 4.542 per cent.
On oil prices, global benchmark Brent last traded at $US75.67 per barrel and WTI Nymex was at $US75.23.
Gold futures were lower to $US2835 per ounce.
Cryptocurrency market leader bitcoin is currently trading below $US98,000.
The Aussie dollar is trading around US61.59c.
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