Live: ASX set to rise as Aussie dollar hits three-month low
Australian shares are tipped to rise this morning after Wall Street ended its session higher as investors rotated out of technology and AI stocks.
The Australian dollar fell as much as 1.1 per cent overnight to its lowest level since early July following a weaker-than-expected jobs data, before recovering some ground.
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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Aussie dollar slides on weak September jobs data
By Lin Lin
By Lin Lin
The Australian dollar fell as much as 1.1% overnight to its lowest level since early July.
The decline followed weaker-than-expected jobs data, which showed unemployment at its highest in five years, at 4.7 per cent in September, prompting markets to scale back expectations of a Reserve Bank interest rate hike on Melbourne Cup day.
ASX set to jump at the open
By Lin Lin
By Lin Lin
Good morning everyone.
Welcome to the ABC's daily markets blog.
Lin here to take you through the business/finance news overnight and over the next few hours.
The ASX 200 is set to open higher at the market open, with Futures pointing up +1% to 8,839 points.
That's as Wall Street finishes Thursday trading higher, despite a sell-off in AI and tech stocks.
But for now, go grab yourself a coffee/tea/ juice and see you back here soon!
Market snapshot
By Lin Lin
By Lin Lin
- ASX 200 Futures: +0.97% to 8,838 points
- Australian dollar: -0.7% to 69.18 US cents
- S&P 500: +0.38% to 7,748 points
- Nasdaq: +0.16% to 26,734 points
- FTSE: +1.08% to 10,840 points
- Stoxx600: +2.4% to 640 points
- Spot gold: +1.5% at $US4,167/ounce
- Brent crude: -0.25% to $US105.82/barrel
- Iron ore: -0.6% to $US89.95/tonne
- Bitcoin: +0.8% to $US82,346
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