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ASX set to dip at open as Wall Street falls, AUD also down

Samantha Menzies
·Contributing editor
·2-min read
Everything you need to know about finance markets this morning.
Everything you need to know about finance markets this morning.

Good morning.

Here's everything you need to know about finance markets this Wednesday morning.

ASX: The Australian sharemarket is set to drop this morning, with futures at 5.23am AEDT pointing to a drop of 20 points, or 0.3 per cent, at the open.

Wall St: US stocks fell on Tuesday, following a session in which the broader market notched new record highs, as traders digested a weaker than expected report on U.S. retail sales and looked ahead to a Federal Reserve policy meeting later this week.

AUD: The Aussie dollar slipped 0.1 per cent to 0.77465 as markets await an announcement from the Fed.

Deferred loans: The number of outstanding households and businesses who deferred their loan repayments during the pandemic continues to shrink.

New figures from the Australian Banking Association show that almost 97 per cent of all deferred loans had resumed payments by the end of February.

NFT craze: There's a new craze sweeping the world. NFTs (pronounced "nifty") offer a way to buy, sell and track pieces of digital artwork online.

The technology essentially offers collectors proof that they "own" a digital artwork by logging that ownership on the blockchain, a decentralised online database that underpins cryptocurrencies such as Bitcoin.

Retirement: 'Avoidable errors'. Retirement expert reveals the two biggest mistakes people make.

$10,000 lifeline: Domestic violence victims fleeing their abusers will soon be able to get $10,000 from their superannuation accounts as the federal government begins rolling out initiatives to help women ahead of the federal budget.

Have a great day.

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