The news: Australian shares are set to fall this morning as investors turn their attention to second-quarter earnings season on Wall Street, which kicks off this week.
The numbers: Updated at 7:30am AEST:
ASX futures: down 13 points to 8,548Wall Street: Dow Jones down 0.63%, S&P 500 down 0.33%, and Nasdaq down 0.22%Europe: CAC 40 down 0.92%, DAX down 0.82%, and FTSE 100 down 0.38%Spot gold: up 0.95% to US$3,356 per ounceOil prices: Brent up 0.38% to US$70.63/bbl, and US WTI up 0.44% to US$68.75/bblAUD: down 0.32% to 65.66 US centsBitcoin: down 0.18% to US$118,924.
The context: US stocks retreated from all-time highs on Friday as US President Donald Trump threatened a slate of new tariff measures, including a 35% tariff on Canadian goods.
This week, traders will turn their attention to second-quarter reports from the six biggest US banks, including JPMorgan Chase, Bank of America and Goldman Sachs. Netflix, Johnson & Johnson and 3M are also among those due to report.
New economic data in the US, including consumer price data on Tuesday and retail sales figures on Thursday, will also provide further insight into inflation trends and the impact of new tariffs on the US economy.