Business · Markets · 5 hrs ago
Australian shares set to rise after Wall Street gains, with oil in focus
Australian shares were expected to rise at the open after US stocks gained.
The S&P 500 rose 0.6 per cent, while the Dow and Nasdaq also finished higher.
Investors were watching oil markets after US President Donald Trump said Russia and Ukraine had agreed to an immediate “energy ceasefire.”
He gave no further details, and the deal’s implications for oil markets were still unclear.
The news followed a controversial deal involving Russia’s diesel exports, according to the report.
Bond yields also remain high, adding pressure to borrowing costs and potentially making shares less attractive to investors.
The Australian dollar was trading at 69.78 US cents.
The sources do not say what further details or market effects may follow.
The Australian sharemarket is set to rise 0.4 per cent, or 37 points, at the open after Wall Street gains.
Investors are also watching oil markets after developments over the weekend involving Russia’s diesel exports and an announced Russia-Ukraine energy ceasefire.
The S&P 500 rose 0.6 per cent, while the Dow Jones Industrial Average gained 423 points and the Nasdaq composite added 0.6 per cent.
The Australian dollar was trading at US69.78¢.
- Who
- Australian sharemarket investors and Wall Street traders.
- What
- Australian shares are set to rise, while oil markets are in focus.
- When
- The Australian market was expected to rise at the open on October 12, 2026.
- Where
- Australia and the United States.
- Why
- Wall Street gained, while weekend developments concerning Russia’s diesel exports and an energy ceasefire put oil markets in focus.
This story does not have two clearly opposing sides.
Both parties have agreed. Do not break it!
Trump announced that Russia and Ukraine had agreed to an energy ceasefire effective immediately.
Wall Street closed higher, and the Australian sharemarket was forecast to rise.
- ASX forecast
- Up 37 points, or 0.4 per cent, at the open
- S&P 500
- Rose 0.6 per cent
- Dow Jones Industrial Average
- Gained 423 points, or 0.8 per cent
- Nasdaq composite
- Rose 0.6 per cent
- Australian dollar
- US69.78¢
Sources
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