Advertisement
Australia markets open in 3 hours 6 minutes

  • ALL ORDS

    7,937.90
    +35.90 (+0.45%)
     

  • AUD/USD

    0.6490
    +0.0038 (+0.59%)
     

  • ASX 200

    7,683.50
    +34.30 (+0.45%)
     

  • OIL

    83.36
    +1.46 (+1.78%)
     

  • GOLD

    2,336.00
    -10.40 (-0.44%)
     

  • Bitcoin AUD

    102,166.84
    -270.47 (-0.26%)
     

  • CMC Crypto 200

    1,426.49
    +11.73 (+0.83%)
     

ASX set to hitch a ride on improving Wall Street

Australian Associated Press

The Australian share market is set to hitch a ride on a strong Wall Street performance, with the major US indexes shrugging off a recent slump amid upbeat earnings reports.

The SPI200 futures contract was up 32 points, or 0.55 per cent, to 5,886.0 at 0700 AEDT on Wednesday, pointing to another rise at the open for the ASX, which recovered ground on Tuesday thanks to resurgent mining and financial sectors.

Also read: 6 warning signs an investment is too good to be true

In overnight trade, Wall Street’s three major indexes have gained more than two per cent each, with the Dow Jones Industrial Average up 543.36 points, or 2.15 per cent, to 25,793.91, the S&P 500 up 61.39 points, or 2.23 per cent, to 2812.18 and the Nasdaq Composite up 207.2569 points, or 2.79 per cent, to 7638.0005.

The Australian dollar also continues to climb, buying 71.41 US cents from 71.22 US cents at Tuesday’s close.

Also read: Stock markets rebound on Tuesday: Here’s what else happened