The Australian share market is set to open lower today, as US investors get spooked by fresh inflation figures and the global spread of Omicron. 

At 8am this morning, A S X 200 futures were down 0.3 per cent. 

As well as Wall street, European stocks were also down as cases of the latest strain of COVID surge becoming the dominant strain in London. 

The region’s central banks are also meeting this week to determine economic policy to combat this.