Wall Street's key indices closed the week higher in expectation of another strong results season ahead.
The ASX looks likely to continue to edge higher after last week's modest gains with futures markets pointing to a 0.4 per cent rise this morning.
Follow the day's financial news and insights from our specialist business reporters on our live blog.
Disclaimer: this blog is not intended as investment advice.
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Market snapshot
By Stephen Letts
By Stephen Letts
- ASX 200 futures: +0.4% at 8,786 points
- ASX 200 (Friday): +0.6% to 8,717 points
- Australian dollar: +0.4% to 69.82 US cents
- Wall Street (Friday): S&P 500 +0.6%, Dow +0.8%, Nasdaq +0.6%
- Europe (Friday): Dax +1.1%, FTSE +1.1%, Eurostoxx50 +0.8%
- Spot gold: +1.5% to $US4,194/ounce
- Oil: Brent futures +0.4% to $US104.72/barrel, WTI futures +0.4% to $U91.85/barrel
- Iron ore (Friday): -0.7% to $US90.60/tonne
- Copper (LME): -1.3% to $US14,295tonne
- Bitcoin: +0.8% to $US83,662
- 10-year bonds: US 5.24% Australia 5.35%
Prices current at around 7:00am AEDT
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Good morning
By Stephen Letts
By Stephen Letts
Good morning and welcome to another day on the ABC markets and finance blog.
Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice.
Wall Street closed the week higher ahead of what's expected to be another blockbuster week of earnings coming up.
The ASX looks like extending last week's gains, with futures trading pointing to a 0.4% rise on opening.
Oil will be a focus today with market dynamics pulling in different directions.
Houthi strikes on Saudi Arabia's King Khalid international airport have escalated the conflict, with Saudi Arabia vowing a "decisive response".
Meanwhile, US President Donald Trump has announced that Russia and Ukraine have agreed to an "energy ceasefire" and Russia officially lifted its export ban on diesel on the weekend. It was news to Ukraine. There's a fair bit to unpack there.
Later this morning we are expecting the CBA's Wage and Labour Insights for September.
The game's afoot, so let's get blogging.