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ASX to edge lower after volatile Wall St session

ASX futures are down 0.1 per cent to 7019 at 6.15am AEST.In the US, the Dow Jones index is off 0.3 per cent while the S&P 500 is 0.3 per cent higher. The technology-heavy Nasdaq Composite, which soared by 2.8 per cent at one point, is 0.9 per cent stronger.The yield on the benchmark US 10-year Treasury note edged down to 2.99 per cent, from 3.08 per cent.It comes after European stock markets rebounded following days of losses on fears over rising US interest rates fuelled by surging inflation and the impact of China’s prolonged Covid lockdowns.Meanwhile, oil prices also resumed their slide lower with the benchmark US crude contract, WTI, falling under $US100 per barrel. Brent crude fell 3.2 per cent to $US102.59 per barrel.The Aussie dollar was trading flat at US69.49c near US close.Iron ore is down 2.5 per cent to $US128.10 a tonne.

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