Australian shares set to open lower as ASX 200 futures fall 0.9%
ASX 200 futures slipped 0.9% ahead of the open, per Market Talk. National Australia Bank plans to cut about 6% of its workforce over the current fiscal year.
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what happened
According to Market Talk, futures on Australia's S&P/ASX 200 were down 0.9% ahead of Tuesday's open. That points to the index giving back the 0.4% gain it posted on Monday.
U.S. markets gave a mixed lead overnight. The S&P 500 rose 0.4% and the Nasdaq Composite gained 1.1% on the back of tech stocks, while the blue-chip DJIA lost 0.1%.
Before the open, National Australia Bank, the country's largest business lender, said it would cut around 6% of its workforce over the current fiscal year. Iron-ore major BHP reported that copper output fell in the September quarter, although stronger prices provided support.
why it matters
A drop in futures before the open often signals caution among investors and can cap any rebound in the local market. The bank's job cuts and copper trends matter for Australia's financial and mining shares.
market impact
Australian equities: ASX 200 futures point lower; banks and miners such as BHP are in focus
instruments
sources
- Australia Shares Set to Fall in Early Trade — Market Talk, 19 October 2026 at 22:15 UTC
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