Fears of a recession in the US and big losses on Wall Street are expected to hit local trade, with ASX futures down more than 1 per cent. Follow the day’s events and insights as they happen with our business reporters on the ABC News live markets blog. Fears of a recession in the US and big losses on Wall Street are expected to hit local trade, with ASX futures down more than 1 per cent. Follow the day’s events and insights as they happen with our business reporters on the ABC News live markets blog. Stock Market, Banking, Currency, Financial Markets, Monetary Policy, Retail Industry, Tax, Business, Economics and Finance, Economic Trends and Indicators, Company News, Cryptocurrency Latest business news