ASX live coverage: ASX 200 to fall after strong jobs data; Wall Street rallies
Local shares to shy away from new records after strong jobs data effectively ends hopes of a 2024 rate cut. European Central Bank cuts rates again. Dow Jones leads Wall Street gains after US retail sales data beats estimates.
Welcome to the Trading Day blog for Friday, October 18. The ASX 200 is set to fall after setting new records Thursday.
ASX 200 futures are down 0.4 per cent to 8359 points.
On Wall Street, the S&P 500 closed flat, marginally lower, the technology-focused Nasdaq Composite Index finished slightly up and the Dow Jones Industrial Average gained 0.4 per cent.
US 10-year bond yields have jumped to 4.1 per cent.
Oil prices are higher with global benchmark Brent at $US74.53 per barrel and WTI Nymex trading at $US70.76 per barrel.
Gold futures are also higher, to $US2707 per ounce.
The Aussie dollar is trading around US66.94c.
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Originally published as ASX live coverage: ASX 200 to fall after strong jobs data; Wall Street rallies
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