Live updates: ASX set to slip after Wall Street closes lower, federal government to detail mandatory supermarket reforms

S&P 500 : -0.2% to 5,465 pointsEuroStoxx : -0.7% to 515 pointsIron ore : -1.6% to $US105.00/tonneLive updates on the major ASX indices:The ASX 200 has followed Wall Street's lead lower, slipping 0.2% on opening.

Food and fuel prices should have moderated, while education and health generally don't have much impact in May. Underlying statutory profit – stripping out one-off items – was down more than 8% to $282.3 million, on slightly higher revenue to $18.2 billion … a revenue stream that takes Metcash over the $10 billion threshold to be included in the new Food and Grocery Code of Conduct.

Sydney's auction clearance rate was 63% compared to the monthly average of 66%, while Melbourne was down to to 61% compared to the norm of around 67%.

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Live updates: ASX poised to slip after Wall Street's rally grinds to a haltWhile Wall Street enjoyed a strong week, a flat final session has left the ASX without much momentum. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Source: abcnews - 🏆 5. / 83 Read more »

Live updates: ASX poised to slip after Wall Street's rally grinds to a haltWhile Wall Street enjoyed a strong week, a flat final session has left the ASX without much momentum. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Source: abcnews - 🏆 5. / 83 Read more »