The Australian equity market is pointed to a negative start to the trading day after overnight equities fell following the US Federal Reserve's meeting minutes, amid ongoing worries over Greece.
The Dow finished the trading session down 72 points to 12780.95 while the S&P500 index lost 7.27 points to close at 1343.23, earlier in the session trading as low as 1338.50.
The Federal minutes showed that a few of the officials felt that another round of bond buying would be needed before long to support the US economy.
The EURUSD has continued to show signs of weakness due to the ongoing issues in the trading down from overnight highs of 1.3194 to lows of 1.3042.
Gold rose for the first time in three sessions on news that the Chinese central governors pledge to help resolve Europe's debt crisis boosted demand for commodities in general. Gold traded up from yesterday lows of 1718.75 to as high as 1737.85.
WTI oil (see above chart) has traded to one month highs after a report showed that Iran halted shipments to Europe and the US. The futures traded up from lows of 100.61 and peaked as high as 102.52 before settling at 102.05.
The Volatility Index, widely considered the best gauge of fear in the market, climbed over 10 percent to close above the level of 21.
SPI 200 future
FTSE 100 Index
Bloomberg, Dow Jones News