The Aussie market is poised to open sharply lower this morning after Wall Street closed lower Friday night, dragged down by plunging oil prices and nervousness ahead of the Federal Reserve's interest rate decision – this Thursday, 6am AEDT.

The December SPI futures contract is down 91 pts at 4929.

Traders appear nervous amid expectations of the first US interest rate rise in nearly a decade, with the Fed meeting on December 16-17.

Also, oil is dragging on markets with traders worried that a weakness in commodities signals a broader slowdown in the global economy.

Traders also appeared worried about declines in China's yuan and in high-yield debt markets.

No major local economic or equities news is expected today.

Key Numbers:

• SPI futures down 91pts to 4929
• AUD at US72.09¢
• On Wall St, S&P 500 -1.9%, Dow -1.8%, Nasdaq -2.2%
• In Europe, Stoxx 50 -2%, FTSE 100 -2.2%, CAC 40 -1.8%, DAX -2.4%
• In London, BHP Billiton -5.3%, Rio Tinto -4.3%
• Spot gold rose $US3.19 or 0.3% to $US1074.77/oz in New York on Friday
• Brent crude shed $US2.12 or 5.3% to $US37.61/bbl at 4.42pm on Friday in New York
• Iron ore dipped US22¢ to $US38.30 a dry metric ton on Friday

What’s on today

Australia credit and debit card lending

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