Live: ASX to rebound as Wall Street mixed, $A below 60 cents

Australian stocks are expected to bounce back after they suffered their biggest one-day fall since COVID-19 yesterday, while investors worry about an economic slowdown and rising inflation as US President Donald Trump dug in his heels on tariffs, warning he could further increase levies on China. We'll bring you the latest on what's happening on the markets throughout the day in our live blog. Key Events Live updates By Samuel Yang Welcome to Wednesday's markets live blog, where we'll bring you the latest price action and news on the ASX and beyond.

A mixed session on Wall Street overnight sets the tone for local market action today. The Dow Jones index dropped 0.9 per cent, the S & P 500 lost 0.



2 per cent and the Nasdaq Composite was flat. ASX futures were up 62 points or 0.8 per cent to 7,395 at 6:30am AEST.

At the same time, the Australian dollar was down 0.9 per cent to 59.88 US cents.

Brent crude oil was down 1.7 per cent, trading at $US64.69 a barrel.

Spot gold dropped 1.8 per cent to $US2,983.19.

Iron ore was down 2.5 per cent to $US98.15 a tonne.

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