Australian markets are set to begin the week in negative territory, with ASX 200 futures pointing to a drop of around 0.1 per cent on Monday after both US indexes fell sharply from record highs. Follow the day's financial news and insights from our specialist business reporters on our live blog.

The ASX opened higher in morning trading after rallies on Wall Street, but was slightly down after midday. Oil is trading higher as US President Donald Trump and Chinese leader Xi…

Financial stocks, which suffered sharp losses after changes to negative gearing and capital gains tax were announced in the budget, bounced higher.