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ASX 200 LIVE updates: Cochlear profit sinks in earnings season result; CSL eyes 5pc profit growth after net loss
EML Payments cuts losses and forecasts return to profit next year
Australian shares are set to open lower with oil topping the $US90 a barrel mark after President Donald Trump threatened to bomb Oman if it interferes with his negotiations with Iran on the Strait of Hormuz.
S&P/ASX 200 futures were down 36 points or 0.4 per cent to 8976. The S&P 500 slipped 0.5 per cent in New York. Communication services led 10 of the 11 industry sectors down, with energy the only one to advance.
Thierry Wizman, global FX and rates strategist at Macquarie Group, said there are three “unresolved” narratives within markets. The first is the price of oil, the second is the US Federal Reserve and the third is the fate of the Japanese yen.
Live: Australia's biggest company BHP to report earnings, US markets fall on conflict fears
Australia's biggest company BHP has reported a 30 per cent profit jump on high copper prices, as we delve into the books of some of the nation's most valuable listed companies.
US markets have fallen on fears of an expanded conflict in the Middle East.
Follow the day's financial news and insights from our specialist business reporters on our live blog.
Former BP Australasia president and director of pro-climate action organisation the Climate Council Greg Bourne doesn't want people to forget the substantial subsidy taxpayers make towards the big profits enjoyed by mega-miner BHP.
"BHP is raking in eye-watering profits while pocketing $622 million a year in tax breaks for polluting diesel.
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ASX set to slide, Wall Street retreats as oil prices climb; BHP, CSL results ahead
US stocks are edging further from their record heights on Monday, ahead of a week where profit reports from the nation’s biggest retailers could give a hint about how shoppers are dealing with high inflation and a slowing job market.
The S&P 500 slipped 0.4 per cent but remains near its all-time high set Thursday. The Dow Jones Industrial Average was down 284 points, or 0.5 per cent, in mid-afternoon trade, and the Nasdaq composite was 0.3 per cent lower.
The Australian sharemarket is set to decline, with futures at 5.58am AEST pointing to a fall of 48 points, or 0.5 per cent, at the open. The ASX lost 0.5 per cent on Monday. The Australian dollar is stronger at US71.03¢.
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