Business & Finance
Live: Wall Street closes higher, ASX lacks direction ahead of rates decision
Key Points
live Markets live updates: Wall Street closes higher, ASX lacks direction ahead of rates decision Wall Street closed a volatile week higher with another rally in AI-related stocks. The ASX is lacking direction and priced for a flat opening ahead of tomorrow's RBA rate decision 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.
live
Markets live updates: Wall Street closes higher, ASX lacks direction ahead of rates decision
Wall Street closed a volatile week higher with another rally in AI-related stocks.
The ASX is lacking direction and priced for a flat opening ahead of tomorrow's RBA rate decision
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.
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Live updates
Market snapshot
- ASX 200 futures: flat at 8,720 points
- ASX 200 (Friday): -0.4 to 8,665 points
- Australian dollar: +0.2% to 70.43 US cents
- Wall Street (Friday): S&P 500 +0.4%, Dow +% Nasdaq +0.4%
- Europe (Friday): Dax +0.6%, FTSE +0.1%, Eurostoxx 600 +0.5%
- Spot gold: +0.9% to $US4,379/ounce
- Oil: Brent futures -2.1% to $US104.32/barrel, WTI futures -2.3% to $US95.10/barrel
- Iron ore (Friday): -0.5% to $US95.10/tonne
- Copper (LME): +1.6% to $US14,464/tonne
- Bitcoin: +0.7% to $US84,597
- 10-year bonds: US 5.12% Australia 5.37%
Prices current at around 7:00am 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 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 higher, spurred on by some solid gains from Microsoft and chip makers.
The ASX looks very much a line ball decision between a gain and another loss today.
When trading closed on Saturday morning, ASX 200 futures pointed to the most marginal (well, third most marginal) gain of 0.03%, or three points.
Given the ASX has notched four weeks in retreat, we'll take any gain we can at the moment.
It's a quiet day on the data front ahead of tomorrow's RBA Monetary Policy Board meeting.
Anyway, the game's afoot, so let's get blogging.
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[Image text:] ASX
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