Australian shares are set to open slightly higher, as traders await the release of quarterly inflation data that will be pivotal in determining whether the Reserve Bank is forced to raise the cash rate to an 18-year high.
S&P/ASX 200 futures were up 10 points, or 0.1 per cent, to 8876 near 6am (AEDT).
The outcome of the Israeli election will also be weighing on investors’ minds. Polls close at 7am AEDT, in a contest that will have a significant bearing on the likelihood of escalation in the war with Iran.
Wall Street pushed higher, led by technology stocks which gained on optimism about earnings reports later this week from artificial intelligence giants Alphabet, Amazon and Microsoft.
The Philadelphia Semiconductor Index gained more than 3 per cent. The Nasdaq was up 1.1 per cent.Australian shares are set to open slightly higher, as traders await the release of quarterly inflation data that will be pivotal in determining whether the Reserve Bank is forced to raise the cash rate to an 18-year high.
S&P/ASX 200 futures were up 10 points, or 0.1 per cent, to 8876 near 6am (AEDT).
The outcome of the Israeli election will also be weighing on investors’ minds. Polls close at 7am AEDT, in a contest that will have a significant bearing on the likelihood of escalation in the war with Iran.
Wall Street pushed higher, led by technology stocks which gained on optimism about earnings reports later this week from artificial intelligence giants Alphabet, Amazon and Microsoft.
The Philadelphia Semiconductor Index gained more than 3 per cent. The Nasdaq was up 1.1 per cent.
Source: https://www.afr.com/markets/equity-markets/asx-steady-wall-street-gains-oil-slips-20261028-p61959