Live: Myer posts $276m annual loss on 'weak' consumer spending, ASX set to rise

Wall Street's tech sector continued it recent rally with the Nasdaq closing at a record high, while the rest of the market was essentially flat, although the blue-chip Dow index shed value.

The ASX is poised for another modest gain with futures trading pointing to a 0.2pc gain on opening.

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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Wed 23 Sep 2026 at 7:06amWed 23 Sep 2026 at 7:06am

Market snapshot

By Stephen Letts

• ASX 200 futures: +0.3% to 8,826 points
• ASX 200 (Tue): +0.3% to 8,758 points
• Australian dollar: flat at 71.14 US cents
• Wall Street:  S&P 500 flat, Dow -0.4% Nasdaq +0.5%
• Europe: Dax flat, FTSE -0.3%, Eurostoxx 600 +0.1%
• Spot gold: +0.3% to $US4,358/ounce
• Oil: Brent futures -1.7% to $US98.69/barrel, WTI futures -0.6% to $U94.59/barrel
• Iron ore (Tuesday): -0.6% to $US96.60/tonne
• Copper (LME): -0.7% to $US14,664/tonne
• Bitcoin: -1.0% $US86,353
• 10-year bonds: US 4.95%, Australia 5.28%

Prices current at around 7:00am AEST

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Wed 23 Sep 2026 at 6:54amWed 23 Sep 2026 at 6:54am

Good morning

By Stephen Letts

Good morning and welcome to another day on the ABC markets and finance blog.

Stephen Letts from the ABC business team limbering up for blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice.

Wall Street's benchmark S&P 500 closed flat but the tech sector had another solid session with the Nasdaq gaining 0.5%

The ASX looks like following up yesterday's gain with another positive session — ASX 200 futures at 7:00am AEST were pointing to a 0.2% gain.

We'll have Australia's manufacturing and services sector Purchasing Managers' Index readings for August a bit later