Aussie Markets Brace for Drop Amid US-Iran Tensions

0:00Australia markets are bracing for a drop today, with ASX 200 futures down 0.7% to 8,911 points. That's after Wall Street closed lower across the board overnight, as uncertainty over the U.S. Iran tensions weighs heavy on investor minds. Wall Street's big three took a hit, the Dow Jones, S&P 500, and NASDAQ each falling 0.6%. Over in Europe, the stock $66.6.99%, Germany's DAX dropped 0.6% and London's FTSE dipped 1.1%. Commodities tell a split story. Brent crude oil futures jumped 3.9% to $99.17 per barrel amid the geopolitical heat, while spot goal fell 2.3% to $4,711. Iron ore edged down 0.1% to $107.10 a ton, and Bitcoin slipped 0.8% to $75,701.

1:01The Aussie dollar weakened 2, down 0.4% to 71.5 U.S. cents. Meanwhile, Apple shook things up with news that CEO Tim Cook planes the handover to hardware boss John Ternis down the line. I stay glued to those middle east developments and how they ripple through trading floors worldwide, shaping what comes next for global portfolios. That's your update from Sydney News Today, powered by AI. I'm Cory with the story.