Live: ASX set to rise after strong sessions on Wall Street and Europe
US and European markets made solid gains on Friday, giving the ASX a positive lead for today. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Good morning and welcome to ABC Markets and Finance blog. Stephen Letts from the ABC business team is gearing up for a detailed coverage of today's market movements. Wall Street's key indices concluded the week on a high note, projecting a yet another successful earnings season ahead. The Australian Securities Exchange (ASX) is poised to continue its upward trajectory following last week's modest gains, with futures markets forecasting a 0.4% rise at the opening bell.
Today, oil will undoubtedly be a key area of focus given the evolving market dynamics. Recent Houthi strikes on Saudi Arabia's King Khalid international airport have escalated the conflict, prompting Saudi Arabia to vow a decisive response. Notably, US President Donald Trump announced an energy ceasefire between Russia and Ukraine, though Russia has officially lifted its export ban on diesel diesel, a piece of news Ukraine was not privy to.
Later this morning, the Commonwealth Bank (CBA) will release its Wage and Labour Insights for September, adding another layer of financial insight to the day's events. Stay tuned for the live updates.
Written by urgent.news from ABC News AU's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
