Investing.com - Australian shares are gearing up for a positive opening, following the recovery of tech giants in New York and easing oil prices. This optimistic outlook also comes in the wake of reports that striking auto workers have scaled down their wage hike demands, adding to the positive sentiment.
ASX 200 Futures saw an increase of 0.4% around 9:10am AEST (11:10am GMT), indicating a potential rise in the market opening.
During the overnight session in the U.S, major benchmarks closed with moderate gains, as key tech players Tesla Inc (NASDAQ:TSLA), NVIDIA Corporation (NASDAQ:NVDA), and Meta Platforms Inc (NASDAQ:META) all saw share price increases, while BHP (ASX:BHP) Group Ltd ADR (NYSE:BHP) and Rio Tinto ADR (NYSE:RIO) also experienced a surge. Atlassian Corp Plc (NASDAQ:TEAM), however, faced a minor setback with a 0.3% drop.
The Australian dollar bounced back over 1%, reclaiming its position over US64¢, while the US Dollar Index dropped by 0.5%.
As for the day's agenda, private sector credit data is anticipated to be released at 11.30 am AEST. Companies including Chalice Gold Mines Ltd (ASX:CHN) and Liontown Resources Ltd (ASX:LTR) are expected to disclose their earnings, while firms like AMP Ltd (ASX:AMP), Bendigo And Adelaide Bank Ltd (ASX:BEN), Origin Energy Ltd (ASX:ORG), Perpetual Ltd (ASX:PPT), and Ramsay Health Care Ltd (ASX:RHC) are set to pay dividends. Property developer Sunland Group Ltd (ASX:SDG) is also scheduled to host its Annual General Meeting.
In international market updates, Chinese markets will be closed from Friday through the following week due to the Mid-Autumn Festival and China’s National Day.
As of 9:10am AEST, Bitcoin was up by 2.8% to $US26,999. Spot gold was down by 0.6% to $US1864.78 per ounce. Brent crude fell by 1.3% to $US945.30 a barrel, while iron ore saw a 1.7% increase to $US118.55 a tonne. The United States 10-Year yield stood at 4.57% 4.45% for Australia, and 2.93% for Germany, as per US prices at 4.59 pm in New York.