Business news

    Dow Jones closed down 1.3%, ASX futures down ahead of market open in Sydney

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    Highlights
    • Dow Jones closes down 450.02 points (-1.3%).
    • ASX futures trading lower with ASX set to fall 49 points (-0.7%).
    • Bitcoin is trading at US$36,000.

    The Dow Jones fell 1.3% to finish the trading day down 450 points to close at 34,265 points.

    Earlier, markets in Europe were weaker as London's FTSE fell 1.2% while Germany's DAX finished the trading day lower, down 1.94%.

    Asian markets are set to open lower, with ASX futures down 49 points (-0.7%) ahead of the open in Sydney.

    The Australian dollar is firm against the major currencies and is buying 71.77 US cents.

    Gold is trading at US$1,835 per ounce with copper down 1.28% to US$4.524 per pound.

    WTI Crude oil is selling for US$85.14 per barrel while Brent oil is lower at US$87.89 per barrel.

    The spot iron ore price is trading at US$133 per metric ton and one bitcoin is worth US$35,421 going into the Asian trading day.

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