Australian shares set for further slide after Wall St slump on Friday

The Australian share market is fumbling for a tourniquet at noon as stocks slide to new 12-month lows, following a dive on Wall Street overnight amid a cocktail of disappointing economic and trade.

 · Stocks closed lower on Friday after CNBC reported that trade talks between China and the U.S. have stalled.. The S&P 500 and Nasdaq were further knocked down. Apple shares fell 0.6%, bringing.

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Welcome to the Trading Day blog for Monday, June 3. Local stocks ended sharply lower following sharp falls on Wall Street over the weekend, amid fresh shots in the ongoing trade war between the US.

Macquarie also weighed the sector, falling 3 per cent to $109.89, Insurance Australia Group slid 3.2 per cent to $6.89 and Suncorp Group closed 2.4 per cent lower at $12.99. IOOF Holdings shares fell.

Local shares are poised to slide at the open after Wall Street tumbled while the Australian dollar and iron ore retreated.. inflation expectations don’t fall any further.". lower on Friday.

It also comes after investors yesterday wiped almost $30 billion off Australian shares following Friday’s night’s slide on Wall Street, with the local benchmark S & P/ASX 200 index falling 1.6.

 · Market report: Monday, November 30 Business. And the Australian share market looks set to open flat after Wall Street closed little changed in a shortened session a day after the Thanksgiving holiday.. hit by a drop in shares of mining companies after a slump in Chinese equities. Anticipation of further stimulus by the European Central.

Australian shares ended thursday. Local tech stocks also fell on Thursday following a similar slide in Wall Street on Wednesday which saw the Nasdaq Composite fall 0.9 per cent.. noting that.

Wall Street Breakfast: Europe Stocks Rise, U.S. Set To Open In The Green. Australia shares extend slide after strong run; NZ dips.. Westpac Banking Corp. adr. westpac banking corp. engages.

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Australian shares weren. lifted slightly on Friday after falling away from a strong start to the week’s trading on Wednesday and Thursday. Investors will likely remain cautious heading into next.

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THE Australian market looks set to open flat after falls on Wall Street where. At 0645 AEST on Friday, the march share price index futures contract was down six points at 5,274. US stocks have.

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