Australian shares are set to open lower, after US benchmarks fell on inflation and interest-rates concerns.
ASX futures were down 0.34% or 26 points as of 8:00am on Friday, suggesting a lower open.
US stocks ended broadly lower, but off the worst levels of the session, as the latest data showed weaker-than-expected economic growth along with sticky inflation that could spur the Fed to hold interest rates higher for longer.
DJIA dropped 375 points, or 1%, to 38,085, the S&P 500 lost 0.5% to 5,048 and the Nasdaq dropped 0.6% to 15,611.
In commodity markets, Brent crude oil was up 1.3% to US$89.18 a barrel, while gold was up 0.7% at US$2,332.46.
In local bond markets, the yield on Australian 2 Year government bonds was up at 4.07% while the 10 Year yield was also up at 4.40%. US Treasury notes were up, with the 2 Year yield at 5.00% and the 10 Year yield at 4.70%.
The Australian dollar was 65.19 US cents, up from its previous close of 64.95. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, was down at 100.13.