Australian share prices are expected to open lower on Monday, tracking the performance of Wall Street on Friday.
At 9 am AEDT (10 pm GMT Sunday) the S&P/ASX 200 June share price index contract was trading down 91 points (1.1%) from the previous settlement at 7,929.
The direction was set in New York on Friday (Saturday AEDT) where stocks dived on continuing worries about United States inflation and trade policy with the Dow Jones Industrial Average dropping 1.7%, the S&P 500 2% and Nasdaq Composite 2.7%.
CommSec said US data stoked fears of high inflation as a measure of underlying consumer prices rose the most in 13 months, with technology stocks like Google-parent Alphabet, Microsoft, Meta and Amazon faring the worst.
The expected drop on Monday will more than wipe out gains on Friday in Australia where the S&P/ASX 200 had closed 0.2% higher at 7,982.00.
In fixed interest markets, Australian Treasury bond yields edged down with the 10-year rate falling 0.95% to 4.366% and the two-year rate falling 0.105% to 3.666.
