The ASX200 is set to fall 0.56% after another weak day of trading on US markets.
On Friday, US Stocks experienced a second session of losses, with the S&P 500 and the Nasdaq dropping 0.7% and 0.8%, respectively, while the Dow Jones ended the session 377 points down. After recent record highs in major indices, investors continued to take profits. Markets were also uneasy due to a global IT outage which affected services from airlines to banks.
Over on the ASX, Woodside Energy Group Ltd (ASX:WDS) is set to acquire the Driftwood LNG development opportunity on the US Gulf Coast, through the company’s buy out of remaining stock in Tellurian (NYSE: TELL), for $900 million.
Meanwhile, Westgold Resources Ltd (ASX:WGX) has reached a final stage of its plan to take over Canadian company Karora, with the latter’s shareholders overwhelming supporting the merger.
And biotech company Immutep Ltd (ASX:IMM) says it has received positive feedback from the US Food and Drug Administration (FDA) about a planned trial to assess treatments for non-small cell lung cancer.
In forex, the Aussie is buying just under 67 US cents.
In commodities, brent crude rose 0.39% to US$82.88, while iron ore was down 0.26% to US$108.45 per tonne at Singapore.
Gold rose 0.65% to US$2,419 per ounce while US natgas futures are at US$2.13 per gigajoule.