Wall Street fell amid a decline in U.S. consumer sentiment
U.S. stock indices closed lower on Friday after a survey showed a decline in U.S. consumer sentiment amid rising living costs. The S&P 500 lost 0.2%, the Dow Jones also fell 0.2%, and the Nasdaq dropped 0.3%, according to ABC News Australia.
The decline snapped a four-day record-breaking winning streak on Wall Street. Oil prices continued to rise amid uncertainty over the end of the war between the U.S. and Iran. Brent futures rose 1.7% to $88.52 per barrel, while WTI futures rose 1.4% to $82.40 per barrel.
Futures for Australia’s ASX 200 index pointed to a 0.4% decline to 9,015 points. This signaled the possibility of a fifth consecutive session of losses for the Australian market. On Friday, the ASX 200 fell 0.8% and closed at 9,115 points.
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The Australian dollar rose 0.4% to 70.87 U.S. cents. The spot price of gold rose 0.7% to $4,380 per ounce. The price of iron ore rose 0.3% on Friday to $95.80 per metric ton, while the price of copper on the London Metal Exchange remained unchanged at $14,136 per metric ton. Bitcoin gained 0.1% to $63,075.
NAB’s third-quarter trading figures are expected, as well as the annual results for JB Hi-Fi, a2 Milk, Aurizon, BlueScope Steel, GPT, and Lendlease. The market is also awaiting Chinese data on retail sales, industrial production, and fixed-asset investment.
