Good morning and welcome to another day on the ABC markets and finance blog. Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice. Wall Street closed lower on Friday, once again pulled down by the tech sector. The ASX appears to be lacking direction with futures trading pointing to a flat opening, or a 2 point drop to be more precise. The Australian dollar is under pressure, falling 0.5% to under 68 US cents on Friday, as US interest rates push higher. On the data front, it's quiet locally although we'll get insights in the Chinese economy with the big monthly data drop this afternoon, while Japanese GDP will be worth a look as well. The game's afoot, so let's get blogging.
Live: Wall Street slides as Nvidia pulls down tech stocks, ASX treading water
The ASX looks set for a cautious opening after Wall Street slipped on Friday. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
In brief
Good morning and welcome to another day on the ABC markets and finance blog. Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice. Wall Street closed lower on Friday, once again pulled down by the tech sector. The Australian dollar is under pressure, falling 0.5% to under 68 US cents on Friday, as US interest rates push higher.
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