Live: ASX set to open higher
Summarized and contextualized by DistantNews.
At a glance
- The Australian share market is expected to open higher, with ASX 200 Futures indicating a 0.2% rise.
- Wall Street experienced mixed results, while oil prices increased due to Middle East tensions.
- Key market indicators include the Australian dollar trading at 69.10 US cents and Brent crude oil at $74.67 per barrel.
The Australian share market is poised for a higher opening, with ASX 200 Futures signaling a 0.2% increase to 8,762 points. This positive outlook follows a session of mixed results on Wall Street, where the S&P 500 saw a slight dip of 0.01%, the Dow Jones gained 0.1%, and the Nasdaq rose by 0.8%. European markets also showed strength, with the Dax up 1.0%, FTSE higher by 0.7%, and Eurostoxx increasing 0.8%. Adding to the global financial landscape, oil prices are trading higher, with Brent crude at $74.67 per barrel, reflecting ongoing tensions in the Middle East. The Australian dollar is also showing modest gains, trading at 69.10 US cents, up 0.03%. Other commodities show varied performance: spot gold is up 0.6% to $4,026 per ounce, while iron ore has seen a slight decrease of 0.7% to $97.70 per tonne. Bitcoin remains relatively stable, trading at $59,466, up 0.2%. Business reporter Adelaide Miller will guide readers through the day's financial news and insights on the live blog.
Originally published by ABC Australia. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.