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The ASX200 is set to trade three quarters of a percent lower, following a volatile night for US stocks which are awaiting the release of quarterly earning results for Nvidia.
The S&P 500 was up slightly by 0.1%, the Nasdaq 100 increased 0.3%, and the Dow Jones finished with a slight rise after setting a record high.
Australian investors will also be looking ahead to the release of CPI data for July later today, as well as retail sales figures on Friday.
On the ASX, Tabcorp Holdings Ltd (ASX:TAH) said its group revenue had dropped 3.9% to $2,338.9 million, reflecting weaker wagering market conditions, as well as sales of the eBET and MAX Performance Solutions (MPS) businesses.
Tabcorp’s Group EBITDA (less significant items) was also down 18.7% from the previous year for a figure of $317.7 million.
Meanwhile, Flight Centre Travel Group Lt (ASX:FLT) said its underlying profit before tax (PBT) had risen 131% to $320 million in the 2024 fiscal year.
This was up from $139 million in FY23, as well as being at the mid-point of FLT’s guidance range (underlying PBT between $316 million and $324 million).
And mining giant Fortescue Ltd (ASX:FMG) said its net profit had seen a significant rise of 18 per cent to $US5.7 billion in FY24 from the previous year, with its total dividends reported at $1.97.
In forex, the Aussie is buying 68 US cents.
In commodities where all prices are in USD, iron Ore is priced at $98.30 per tonne in Singapore.
Brent Crude is travelling at just over $79.76 per barrel.
Gold is fetching $2,526 per ounce.
US natgas futures fell overnight to $1.90 per gigajoule.
