Feb 19 • 20:33 UTC 🇦🇺 Australia ABC News AU

Live: ASX set to open lower, as Wall Street slumps

The Australian share market is anticipated to decline at the opening, influenced by a slump on Wall Street and upcoming financial results from ANZ and QBE Insurance.

The Australian Securities Exchange (ASX) is set to start the day lower, following a negative performance on Wall Street, where major indices suffered losses. This trend reflects broader concerns in global markets which are causing investors to recalibrate their strategies ahead of the trading day. The ASX 200 futures indicate a decline of 0.6%, while the Australian dollar has shown a slight increment against the US dollar.

Today is particularly significant for investors as financial giants ANZ and QBE Insurance are scheduled to report their half-yearly results, which could impact their stock prices and the market's overall sentiment. Investors are keenly awaiting these results as they will provide insights into the financial health of these institutions amid fluctuating economic conditions. The live coverage of the marketplace will allow for real-time updates and analysis as new information comes to light.

Overall, with Wall Street indices like the Dow Jones and S&P 500 reporting declines, this sets a cautious tone for the Australian market as traders prepare for a potentially challenging day ahead. Factors such as international oil prices, Bitcoin fluctuations, and movements in gold are also being monitored closely as they contribute to trading strategies and market reactions throughout the day.

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