Company Interview / the open: ASX to slip as Wall Street retreats from records

The market is set to open marginally lower with ASX futures off by around 0.1%. This comes as US stocks closed lower as the S&P 500 and Nasdaq retreated from record highs, while investors awaited the Federal Reserve policy statement and news on trade talks between the United States and China. 

US and Chinese officials have agreed to seek an extension of their 90-day tariff truce following two days of talks in Stockholm aimed at defusing a trade war between the world's two largest economies. 

Oil prices have surged more than 3% as President Trump increased pressure on Russia to end the war with Ukraine and optimism that a trade war between the US and its major trading partners is abating. 

The US dollar index is up 0.2% on the day, while the Euro has fallen to a one-month low. The Aussie dollar has fallen to US65.1c.