Australian shares are set to drop as Wall Street lost more than 1 per cent and traders turned to bonds, gold and safe haven debt.ASX futures were down 52 points or 0.7 per cent to 7161 near 5.34am AEDT
The local currency was +0.1% to 71.98 US cents; the Bloomberg dollar spot index was little changed; Bitcoin was trading near $US41,025.79.Today’s agendaOverseas data: US existing home sales January; US leading index January; Japan CPI January; Euro zone consumer confidence FebruaryAUD +0.1% to 71.98 US centsP 500 -1.2% Nasdaq -1.9%Stoxx 50 -0.6% FTSE -0.9% DAX -0.7% CAC -0.3%US oil -2.6% to $US91.24 a barrel5-year yield: US 1.85% Australia 1.
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