Live: ASX to open higher after sea of green on Wall Street
Summarized by DistantNews. Read the original for the full story.
At a glance
Newswire
Named sources
Ongoing story
- ASX 200 futures pointed 0.4% higher at 8,979 points after all major Wall Street indexes closed up.
- Oil traded above $95 a barrel, while Australian and U.S. bond markets steadied.
- The Australian dollar hovered around 71.6 U.S. cents, with gold rising and iron ore falling.
Australian shares are set to open higher after Wall Street rebounded overnight, with all major U.S. exchanges closing in positive territory.
ASX 200 futures rose 0.4% to 8,979 points, suggesting the local market would follow Wall Street’s recovery after a weaker session the previous day. The Australian dollar was trading near 71.6 U.S. cents.
Oil remained above $95 a barrel. Brent crude rose 0.7% to $95.32 a barrel, while spot gold gained 1.3% to $4,386 an ounce. Iron ore fell 1.6% to $97.80 a tonne, and bitcoin edged down 0.2% to $77,290.
The Dow Jones rose 0.6%, the S&P 500 gained 0.5% and the Nasdaq Composite added 0.2%. European markets moved lower, with the FTSE down 0.3%, the DAX down 0.5% and the Stoxx 600 down 0.2%.
About this summary
Originally published by ABC Australia. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
More Stories
From Our Blog
What Gets Lost (and Found) When News Is Translated
The Critical Role of Diaspora Media in Global News
What Travellers Should Know About Countries with Restricted Press
A Digital Nomad's Guide to Following Local News
How the Same Story Looks Different in Different Countries
