Live: ASX set to lift after Wall St hit another record close
The ASX is expected to hit a fresh record high after Wall Street's S&P 500 also closed at a record. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
The S&P 500 reached a record high as Wall Street demonstrated strength driven by robust earnings reports and reduced concerns over potential interest rate hikes. The Australian Securities Exchange (ASX) is anticipated to follow suit, with a projected rise of approximately 0.4%. The upcoming week is marked by significant events, including the Reserve Bank of Australia (RBA) rates decision, corporate earnings disclosures from major companies such as Commonwealth Bank (CBA) and Telstra, and the release of key economic data from the United States and Europe.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
