Australian shares are poised to open modestly lower, dodging heavy losses for energy and tech shares in New York as commodities dropped and nerves frayed ahead of the August US nonfarm payroll report.
On Wall Street, the Nasdaq paced the retreat. The VIX edged above 26. The NYSE Fang + Index slid 1.7 per cent. A 1.8 per cent fall in Europe’s STOXX share index of 600 companies helped pushed MSCI’s main world stocks index down 1.7 per cent to its lowest since mid-July.The co-founder and chief investment officer of the UK-based hedge fund Glen Point Capital was charged with scheming to manipulate the foreign-exchange market to trigger a $US20 million payment.Neil Phillips, 52, was arrested in Spain on a request from the US earlier this week, federal prosecutors in New York said Thursday in a statement.
Gambling group Entain Plc, sports-gear maker Puma SE, housebuilder Persimmon Plc and food-delivery firm HelloFresh SE are among individual stocks where recommendations are most at risk, they said.Japan’s biggest steelmaker -- grappling with rising raw-material costs, a falling yen and waning demand -- has warned the nation’s manufacturing giants face more price hikes this year.