Following mixed leads from US markets, the Australian share market looks set to drop at the open. US shares ended mostly lower on Thursday as investors mulled over the latest monetary policy decision from the Federal Reserve
The S&P 500 snapped a 3-day winning streak after the Fed decided to keep interest rates on hold. The Nasdaq was also lower, dragged down by Qualcomm shares which shed over 7 per cent after the company's revenue forecast missed the mark. The Dow Jones however managed a small gain climbing 10 points to post a four-session winning streak.
Oil prices have dropped again reaching fresh 8 month lows on the back of signs of growing supply and deteriorating demand. Meantime iron ore is currently 76.27 and its futures are pointing to a rise of 1.3 per cent.
But now, To US economic news: The Federal Reserve has voted to keep interest rates unchanged, as widely expected.The federal funds rate will remain in a range of 2 percent to 2.25 percent.
To the figures from around the globe: Wall Street closedmixed yesterday. The Dow Jones Industrial Average added0.04 per cent to close at 26,191, the S&P 500 fell 0.3 per cent to 2,807and the NASDAQwas down0.5per centhigher at7531.
European markets closed mixed yesterday: London’s FTSE added 0.3per cent, Parisfell 0.1per cent and Frankfurt closed 0.5 per cent lower.
Asian markets closed mixed, Tokyo’s Nikkei added 1.8 per cent, Hong Kong’s Hang Seng gained 0.3 per cent and China’s Shanghai Composite was down 0.2 per cent.
On the futures markets, the ASX futures are pointing to a9pointsfall.Yesterday,the Australian share marketclosedhigherwith the S&P/ASX 200 Index closing 31points higher to 5928
Telstra (ASX:TLS) has announced that CFO, Robyn Denholm will be stepping down. She is set to take up the position of Chairman with the Tesla. Telstra CEO Andy Penn says the company is sad to see her leave but that it has become increasingly difficult for her to balance her responsibilities as Telstra CFO with increased activity on the Tesla board. Shares in Telstra (ASX:TLS) closed 1.62 per cent lower to $3.04 yesterday.
CSR (ASX:CSR) is paying 13 cents fully franked
Janus Henderson(ASX:JHG) is paying 50.49 cents unfranked
One Australian Dollar at 7:40AM was buying US72.59 cents, 55.56 Pence Sterling, 82.79Yen and 63.87 Euro cents.
Iron ore futures are pointing to 1.3 per cent gain
Gold dropped $4.50 to$US1224 an ounce.
Silver was down 15 cents at $US14.41 an ounce.
Oil dropped $1.04 to $US60.63 a barrel.
Bitcoin has fallen almost 1 per cent to US$6468,Ethereum has dropped 1.6 per cent to US$214 and Bitcoin Cash shed 4.04 per cent to US$592.