9 hours ago
US markets ‘move lower' due to ‘heightened event risk'
CommSec's Tom Piotrowski says markets in the United States and Europe moved 'lower' overnight due to 'heightened event risk'.
'As we head into the weekend, that brings with it heightened event risk, so that in itself is part of the reason you saw US and European markets move lower overnight,' Mr Piotrowski told Sky News Australia.
'The US markets were closed to observe the Juneteenth public holiday, but notwithstanding, there's still participation in the futures market and after-hours trade, and to that end, we saw losses of around 0.9 per cent for the Dow and the S&P 500.
'The Nasdaq down by about a per cent.'
