The ASX is down 0.3% following the Dow Jones, lower by 0.1% at the close with Germany’s DAX and London’s FTSE both in negative territory overnight.
Asian markets are set to moderate following backlash by European leaders who cited the trade deal with the US as a necessary way to provide short-term economic stability.
France’s European Affairs Minister Benjamin Haddad in reporting by the BBC says the deal avoided uncertainty while Spain’s Pedro Sanchez struck a similar tone telling assembled reporters at a press conference he backs the deal ‘without any real enthusiasm’.
Locally, Boss Energy (ASX:BOE) is leading market declines following a statement to the market earlier today where updated guidance disappointed investors.
The Australian dollar is weaker against the major currencies and currently buying 65.17 US cents.
The S&P/ASX200 is Australia’s leading share market index and contains the top 200 ASX-listed companies in terms of market capitalisation, and accounts for about 80% of the country’s equity market. The index is designed to measure the performance of the 200 largest index-eligible stocks listed on the ASX by float-adjusted market capitalisation.
It is recognised as the institutional investable benchmark in the country.
Write to Dan Petrie at Mining.com.au
Images: ASX
