Futures point to a drop for the sharemarket after crude jumped to a six-month high, while inflation and central banks will be keenly watched in the coming days.
The sharemarket is set to open lower on Monday after a lurch higher in the oil price on Friday, as investors brace for a huge week of market-moving events, from key inflation data in Australia and a US interest rate decision to several big tech earnings.
Futures for the S & P/ASX 200 Index point to a 43-point drop on Monday morning, or 0.5 per cent, to 8774.
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Wall Street hit the brakes as higher-than-expected inflation looks to have cemented a December rate hike, while the ASX is priced to slide as well. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
US stocks are falling after a report showed inflation was worse across the country last month than economists expected.
A rebound for several influential Big Tech stocks is helping to lift the US market despite a fall for Apple and mixed trading elsewhere on Wall Street.
