S&P/ASX 200 (INDEXASX: XJO) (ASX: XJO) closed down 15 points lower or 0.3% to 5,841 points.
4.10pm: The ASX200 closed down 0.3%
All eyes will now be firmly set on tonight's U.S. consumer price index (CPI) data release.
If inflation, which is measured by the CPI, is above expectations, volatility could increase again and lead to further selling in global equity markets.
The monthly release will be tonight at 12:30am AEST with expectations for 0.3%.
3.25pm: The ASX200 is down 0.2%
S&P/ASX 200 started to rally off its low of 5,831 at around 1.45pm.
The ASX200 is currently at 5,842 or down 0.2% for the day after bouncing about 11 points off the 1.45pm low.
11.50am: The ASX200 is down 0.1%
The S&P/ASX 200 is trading at 5,847.9, down 8.0 points or 0.10%.
The S&P/ASX 200 opened higher this morning but gave back its gains as the morning progressed.
Pre-market wrap: S&P/ASX 200 futures rise as Dow Jones records third straight day of gains
S&P/ASX 200 will look to feed off another day of gains in the US markets overnight.
The Dow Jones Industrial Average (INDEXDJX: .DJI) finished up 39 points or 0.16% to 24,640 thanks to a 200-point rally after lunch.
S&P/ASX 200 futures are up 0.6%
Strength in the US markets has prompted S&P/ASX 200 futures to rise 0.6% or 35 points this morning.
Crude Oil was largely flat while Gold continues its quiet rally to US$1,331.70, up $5.30.
ASX reporting season continues
The February reporting season continues with the following companies going under investor scrutiny today:
• Computershare Limited (ASX: CPU);
• CSL Limited (ASX: CSL);
• Domino's Pizza Enterprises Ltd. (ASX: DMP);
• DEXUS Property Group (ASX: DXS);
• Goodman Group (ASX: GMG);
• Insurance Australia Group Ltd (ASX: IAG);
• IOOF HOLDINGS LIMITED (ASX: IFL);
• Orora Ltd (ASX: ORA);
• Villa World Ltd (ASX: VLW); and
• Woodside Petroleum Limited (ASX: WPL).