1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
The local market is set to open strongly with ASX futures up 0.5%. This comes as global equity markets rose as tech shares gained, while gold has extended its rally above $4,000 an ounce.
There was little data for investors to trade on although minutes from the last Federal Reserve meeting were perceived to be hawkish. On Wall Street the AI-related megacaps led the market gains, boosting the Nasdaq to a new record closing high along with the S&P 500. Nvidia and Apple each rose, resetting their respective record highs, while shares in Advanced Micro Devices surged.
The world economy has proven to be more resilient than expected despite acute strains from multiple shocks, according to the International Monetary Fund. Federal Reserve officials agreed at last month's policy meeting that risks to the US job market had increased enough to warrant an interest rate cut, but remained wary of high inflation.
The US dollar index is up 0.3% on the day, whilst the Australian dollar is trading at US65.9 cents. And bitcoin is trading higher at $123,000.
