Live: Wall Street lifts on AI rebound, ASX set to gain
Stephen Letts covers the day's markets events including ANZ FY26 results and China inflation data
Quick Look
ABC markets blogger Stephen Letts opens the day's coverage with Wall Street higher on AI stock gains, ASX futures pointing to a marginal opening gain, ANZ's FY26 results due before the open with consensus cash profit forecast at $7.5 billion (9% excluding significant items), dividends expected at $1.70 per share versus $1.66 last year, RBA Assistant Governor Sarah Hunter speaking, and China consumer and producer inflation data due in the afternoon.
AI-generated summary
Why It Matters
The ABC markets and finance blog provides daily coverage of market events. Wall Street closed higher supported by AI-related stock rallies. ASX futures indicate a marginal gain on opening after Friday's decline. ANZ is scheduled to release FY26 results before the market opens.
Good morning and welcome to another day on the ABC markets and finance blog.
Stephen Letts from ABC business team limbering up for a 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 closed higher, supported by a rally in AI-related stocks.
The ASX looks like shrugging off Friday's decline with futures trading pointing to a marginal gain on opening.
It's a busy day ahead.
The ANZ is due to release it FY26 results before the market opens.
The key figure to keep your eye on is the consensus forecast for a cash profit of $7.5 billion, which would be 9% when excluding significant items.
Dividends are expected to be marginally higher — $1.70/share compared with $1.66/share last year.
We will also hear from RBA Assistant Governor and Chief Economist Sarah Hunter this morning.
On the data front, we'll get the latest consumer and producer inflation data from China in the afternoon.
The game's afoot, so let's get blogging.
What to Watch
AI outlook — possibilities, not facts
ASX opens with a marginal gain
Likely · Within hours
ANZ reports cash profit near consensus forecast of $7.5 billion
Possible · Within hours
Open Questions
- What were ANZ's actual FY26 results compared to consensus?
- What specific comments did RBA Assistant Governor Sarah Hunter make?
- What were the China consumer and producer inflation figures?
- How did the ASX actually perform at opening?