Australian shares are poised to fall, extending their losses amid a tech-fuelled sell-off in New York. Tesla was lower as investors awaited its third-quarter results after the closing bell.<\/p>\n
Apple paced losses among the megacaps, paring some of the week\u2019s earlier advance after AT&T\u2019s chief executive said while demand for the latest iPhone was \u201cstrong\u201d, it was not record-breaking.<\/p>\n
The tech sector also was hit by a Reuters report that the Trump administration is considering a plan to curb a dizzying array of software-powered exports to China.<\/p>\n
Netflix plunged 10 per cent, its biggest intraday drop in more than three years, after it reported a tax dispute with Brazil had cut into its third-quarter earnings. It reported the news after the previous day\u2019s closing bell.<\/p>\n
Market highlights<\/p>\n
ASX 200 futures are pointing down 40 points or 0.4 per cent to 8995.
All US prices near 1.25pm New York time.<\/p>\n
AUD -0.03% to US64.87\u00a2Bitcoin -4% to $US108,031On Wall St: Dow -0.8% S&P -1% Nasdaq -1.6%VIX +1.45 to 19.32Gold -1.8% to $US4050.77 an ounceBrent oil +2.3% to $US62.71 a barrelIron ore +0.6% to $US104.15 a tonne10-year yield: US 3.95% Australia 4.11%Today\u2019s agenda<\/p>\n
Companies set to report on Thursday: Alcoa, Coronado Global Resources, Fortescue, Insignia Financial, Northern Star Resources and Regis Resources.<\/p>\n
Annual meetings to be held on Thursday: Auckland International Airport, ASX, Bapcor, BHP, Brambles and Cochlear.<\/p>\n
There is no local data scheduled for Thursday.<\/p>\n
Top stories<\/p>\n
Landmark WFH ruling could \u2018trap\u2019 employers trying to do the right thing<\/a> | The Finance Sector Union says it will use the ruling to push employers across the sector to reconsider their refusals of WFH requests.<\/p>\n Prince Andrew can\u2019t dodge questions over Royal Lodge<\/a> | British PM Keir Starmer has given his support to Prince Andrew\u2019s sweetheart rental deal as controversy over the embattled royal shows no sign of easing.<\/p>\n Coalition deal on environment laws looms after Greens cry foul<\/a> | Companies would be stripped of profits they gained and face penalties for breaking new environmental laws the Albanese government aims to pass before Christmas.<\/p>\n