Australian shares set for further slide after Wall St slump on Friday

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The Aussie share market is heading for a second 100 point or near 2% slump on Tuesday after Wall Street endured its biggest one day fall of the year on Monday. A 7% slump in iron ore prices and weaker oil prices will see further pressure on local investors, as it did on Monday.

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The Australian share market has fallen sharply in early trade, following a steep fall on Wall Street on Friday and a further plunge in crude oil prices. The benchmark ASX 200 index was 52 points.

The slide is set to feed through to the Australian sharemarket, with futures at 7:20am AEST pointing to a fall of 75 points, or 1.1 per cent, at the open. Investors moved to the safety of US.

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The Australian share market is set to open almost one per cent lower after Wall Street again tumbles and after President Donald Trump announces tariffs on steel and imported aluminium. At 0700.

Australian stocks are poised to open lower after the US central bank signalled there’s no. and Jerome Powell sayings there’s no bias to cut or lift rates. On Wall Street, stocks turned negative in.

On the local bourse, consumer stocks were well down, led by an 8.5 per cent slide in Myer after the department store giant flagged a significant deterioration in trading conditions in the December.

Australian shares look set to plunge following steep losses on Wall Street on Friday.. ASX set to slide as US-China trade tensions flare again.