Australian shares are poised to slip at the open amid mixed trading in New York where both oil and gold were lower and amid profit-taking after a fast start to the year for both the S&P 500 and the Dow Jones.
Futures indicate the benchmark S&P/ASX 200 is set to open down 4 points or 0.1 per cent to 8680. That’s after overnight on Wall Street, despite the S&P 500 resetting its record high early, the index was modestly lower in the final hour of the session.
In commodities, oil briefly traded below $US60 a barrel on the prospect of increased Venezuelan crude sales after US forces seized two more sanctioned tankers and said it’s already marketing some of the country’s supply.
Source: https://www.afr.com/markets/equity-markets/s-and-p-500-resets-record-high-oil-eases-iron-ore-surges-20260108-p5nsg4