Business · Markets · 2 hrs ago
ASX futures rise after gains on Wall Street
ASX 200 futures were up 0.4% before the Australian market opened on Monday.
The move followed gains on Friday for the Dow, S&P 500 and Nasdaq in the United States.
Investors are hoping that US companies will report strong earnings in the coming weeks.
Analysts expect US company profits to rise this quarter, but higher oil prices and borrowing costs remain concerns.
US consumer confidence has also fallen, while bond yields have reached their highest level in 24 years.
This week, major US banks are due to report results, and the United States is set to release inflation figures.
Those results and data could shape how investors view the economy and markets.
ASX 200 futures were up 0.4% at 7am AEDT on Monday, October 12, 2026.
The move followed gains on Wall Street on Friday, with the Dow, S&P 500 and Nasdaq all higher.
The futures rise pointed to a stronger start for Australian shares after the local market closed nearly flat the previous week.
Investors were betting on strong US corporate earnings, while US consumer confidence had weakened.
- Who
- ASX 200 futures and Australian sharemarket investors.
- What
- ASX 200 futures rose 0.4%, pointing to a stronger start for local shares.
- When
- 7am AEDT on Monday, October 12, 2026, after Wall Street gains on Friday night.
- Where
- Australia, with the preceding gains on Wall Street in the United States.
- Why
- US shares rose amid investor optimism about the upcoming earnings season.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
The Dow rose 0.83%, the S&P 500 gained 0.59% and the Nasdaq climbed 0.64%.
ASX 200 futures were up 0.4%.
- ASX 200 futures
- Up 0.4% at 7am AEDT
- Dow Jones
- Up 0.83%
- S&P 500
- Up 0.59%
- Nasdaq Composite
- Up 0.64%
- Local market
- Closed nearly flat the previous week
Sources
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