Business & Finance
Live: ASX set to lift as Wall Street slump arrested
Key Points
live Markets live updates: ASX set to lift as Wall Street slump arrested Wall Street made a solid gain on on Friday after a jittery week which saw shares sold off sharply as traders worried about attempts to suppress rising US interest rates. The ASX is also poised to make gains today ahead of busy schedule of corporate reporting. Follow the day's financial news and insights with our specialist business reporters on our live blog.
live
Markets live updates: ASX set to lift as Wall Street slump arrested
Wall Street made a solid gain on on Friday after a jittery week which saw shares sold off sharply as traders worried about attempts to suppress rising US interest rates.
The ASX is also poised to make gains today ahead of busy schedule of corporate reporting.
Follow the day's financial news and insights with our specialist business reporters on our live blog.
Disclaimer: this blog is not intended as investment advice.
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Live updates
Market snapshot
- ASX 200 futures: +0.5% to 9,028points
- ASX 200 (Friday): -0.3% to 9,059 points
- Australian dollar: +0.4% to 71.68 US cents
- Wall Street (Friday): S&P 500 +0.4%, Dow +1.0%, Nasdaq +0.4%
- Europe (Friday): Dax +0.6%, FTSE +0.6%, Eurostoxx +0.6%
- Spot gold: +1.9% to $US4,603/ounce
- Oil: Brent futures +0.6% to $US94.39/barrel, WTI futures +0.3% to $US87.06/barrel
- Iron ore (Friday): +0.5% to $US96.10/tonne
- Copper (LME): -0.1% to $US14,041/tonne
- Bitcoin: +0.1% to $US77,394
Prices current at about 7am AEST
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Good morning
Good morning and welcome to another day on the ABC markets and finance blog.
Stephen Letts from ABC business team here, limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice.
Wall Street closed the week on a positive note, with the S&P 500 making a solid gain, but not large enough one to erase the 1.4% loss over the week.
The ASX looks like also enjoying respite from recent losses.
When trading closed on Saturday morning, ASX 200 futures pointed to a 0.5% rise today.
It's a busy day ahead, with results expected from the likes of Adairs, Ampol, Bendigo & Adelaide Bank, Chorus, Data#3, Endeavour, Monash IVF, NIB, Nuix, PLS, Reece and Ventia Services.
As always, the game's afoot, so let's get blogging.
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