Live: ASX set to edge higher after Nvidia-fuelled Wall Street rally

live Markets live updates: ASX set to edge higher as AI giant Nvidia powers Wall St rally The ASX is set to edge higher after gains in the US, where Nvidia helped drive a rally in technology stocks. Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice. Submit a comment or question Live updates Key Event Market snapshot - ASX 200 Futures: +0.1% to 9,000 points - Australian dollar: flat at 71.94 US cents - Wall Street: Dow Jones (+0.2%), S&P 500 (+0.72%), Nasdaq Composite (+1.57%) - Europe: FTSE (-0.79%), DAX (+0.3%) - Spot gold: +0.2% at $US4,601/ounce - Oil (Brent crude): +1.76% to $US89.39/barrel - Bitcoin: +2.1% to $US80,124 Prices current around 7:30 am AEST New: Filters Choose what information you see below by using filters David v Bunnings - Mitre 10 franchisee wins crucial legal costs case A Queensland Mitre 10 franchisee has won a crucial legal costs fight against Bunnings. The ruling could make it easier for small businesses to take on corporate giants in competition cases. It clears the way for David Woodman to pursue his bid to stop Bunnings opening next door to his Jimboomba store. Read more from business reporter Emilia Terzon. Key Event ASX to modestly rise Good morning and happy Friday! Lin here from the ABC’s national business team to take you through this morning of financial and business news. Aussie shares are poised for a modest rise at the open, after Nvidia’s strong earnings helped lift Wall Street and reinforced confidence in the AI-driven tech rally. The chip company’s share price surged by 7.5 per cent. Wall Street rose, led by technology stocks, with the Nasdaq up 1.57 per cent, the S&P 500 gaining 0.72 per cent and the Dow adding 0.2 per cent. Attention now shifts to Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech on Friday (US time). His remarks will be closely watched for clues on the path for US interest rates, particularly after recent inflation data and moves in bond yields. The Aussie dollar rose slightly overnight and is currently trading just below 0.72. Loading [Image text:] STOCK ADIOPHANM