ASX set to climb as US stocks rise; dollar tops US70c

smh.com.au [$] —

The Australian sharemarket is set to rise, with futures pointing to a 0.4 percent gain at the open, following a stronger US market session driven by better-than-expected corporate profits. US stocks advanced on strong earnings from Equifax, Hasbro, and 3M, while oil prices eased to $US108.70 a barrel, relieving inflation pressure. The Australian dollar traded higher at US70.03 cents, and the ASX had lost 0.3 percent on Tuesday. AI-related stocks remained volatile, with CoreWeave swinging between losses and gains, while a South Korean AI company dropped 32 percent on its debut. European indexes slipped amid concerns over government spending and bond market strain.


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ASX set to climb as US stocks rise; dollar tops US70c | News Minimalist