Live updates: ASX set for sharp decline after Wall St tumble on renewed trade war fears

ASX 200 futures: -0.9% to 8.896 pointsAustralian dollar: -0.8% at 65.04 US centsWall Street: S&P500 -2.7%, Dow -1.9%, Nasdaq -3.5%Europe: Dax -1.5%, FTSE +0.9%, Eurostoxx600 -1.2%Spot gold: +1.1% at $US4,017/ounceBrent crude: -3.8% to $US 62.73/barrelIron ore: +1.2% at $US106.20/tonneBitcoin: +3.5% at $US114,300

Prices current at around 7:00am AEDT

Good morning and welcome to another day on the ABC markets and finance blog.

Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day’s events, where every post is hopefully a winner, but none should be construed as financial advice.

In short, it looks like a fairly ugly start to the week after Wall Street’s tariff fear induced capitulation on Friday.

ASX futures trading closed on Friday night pointing to an almost 1% drop this morning.

So, buckle up.

As always, the game’s afoot, so let’s get blogging.

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