Live: ASX to open higher as Wall Street surges

The Australian share market is set to open higher at the market open after gains on Wall Street.

The price of oil is trading higher, nearing $US110 a barrel.

Meanwhile, Meta raises the lower end of its annual spending forecast to help fund its AI expansion.

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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Thu 22 Oct 2026 at 7:30amThu 22 Oct 2026 at 7:30am

Market snapshot

By Adelaide Miller

• ASX200 Futures: +0.1% to 8,854 points 
  
• Australian dollar: +0.4% to 70.31 US cents
• Dow Jones: 0.71% to 52,856 points
• S&P 500: +0.6% to 7,758 points
• Nasdaq: +1.1% to 26,703 points
• FTSE: +0.2% to 10,753 points
• EuroStoxx: +0.9% to 644 points
• DAX: +1.4% to 25,645 points
• Spot gold: +0.2% to $US4,134/ounce
• Brent crude: +0.8% to $US109.70/barrel
• Iron ore: -0.2% to $US91.00/tonne
• Bitcoin: +2.1% to $US84,512

Prices current around 7:15am AEDT

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Thu 22 Oct 2026 at 7:30amThu 22 Oct 2026 at 7:30am

ASX to open in the green

By Adelaide Miller

Good morning everyone and happy Thursday,

Business reporter Adelaide Miller here to guide you through the morning on the markets blog, where we cover the latest business, finance and economics stories from across the globe.

The ASX 200 looks set to open in the green, with Futures pointing up 0.1% to 8,854 points at the market open.

That's as Wall Street closes higher for Wednesday afternoon trading.

The Aussie dollar is also up, trading comfortably above 70 US cents.

But for now, grab yourself a morning drink and see you back here soon!