Australian shares are set to open lower, after US stocks mostly fell on Wednesday.
ASX futures were down 0.1% or 5 points as of 8:30am on Thursday, suggesting a lower open.
In the US, the S&P 500 extended its recent slide Wednesday after the Federal Reserve kept rates at their highest level in more than 20 years.
The broad index fell 0.3%, deepening its losses from Tuesday, when it registered its largest drop since late January. The tech-heavy Nasdaq Composite fell 0.3%. The Dow Jones Industrial Average rose 0.2%, or roughly 87 points.
In commodity markets, Brent crude oil was down 3.6% to US$83.44 a barrel, while gold was up 0.1% at US$2,320.79.
In local bond markets, the yield on Australian 2 Year government bonds was up at 4.17% while the 10 Year yield was also up at 4.51%. US Treasury notes were down, with the 2 Year yield at 4.96% and the 10 Year yield at 4.63%.
The Australian dollar was 65.20 US cents. The Wall Street Journal Dollar Index, which tracks the US dollar against 16 other currencies, was up at 100.14.