The Australian share market is tipped to close out the decade with another session in the red as Wall Street continues to pull back from record highs.
The SPI200 futures contract was down 64 points, or 0.95 per cent, at 6,677.0 by 0800 AEDT on Tuesday, suggesting an early slide for the benchmark S&P/ASX200 during a shortened New Year’s Eve session.
US stocks slipped overnight as Wall Street’s record run lost more steam amid thin trade and a data vacuum during a holiday-disrupted week.
The Australian share market closed Monday slightly lower, weighed down by falls for the big miners, energy companies and a number of ex-dividend property, industrial, and utility stocks.
The bourse is however still on track for its best year of the decade – despite losing ground in December – and could register its third best performance this century.
The market will close early at 1410 AEDT on Tuesday, and will resume trade on Thursday after breaking for New Year’s Day.
Meanwhile, the Aussie dollar is buying 69.94 US cents from 69.76 US cents on Friday, having moved within touching distance of a new five-month high overnight.