ASX Futures Point Higher After Wall Street Gains Ease AI Bubble Fears
ASX futures rose 0.2% before Tuesday's session as US stocks gained; Sandfire Resources reaffirmed annual guidance after a 9% rise in copper-equivalent output.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
According to Market Talk, ASX futures were up 0.2% ahead of Tuesday's session, pointing to a possible continuation of the S&P/ASX 200's recovery. Early on Monday the benchmark had slipped 0.8%, but it closed 0.2% higher.
Sandfire Resources reaffirmed its full-year guidance after its first-quarter copper-equivalent output climbed 9%. In the US, stocks advanced as Anthropic's public offering filing eased concerns about a possible artificial intelligence bubble. The Dow rose 0.3%, the S&P 500 gained 0.7% and the Nasdaq Composite added 0.8%.
why it matters
For Australian markets, sentiment on Wall Street matters because local technology and resource shares often move in the same direction as US indexes. Sandfire's reaffirmed guidance points to steady copper output, a factor in earnings expectations for mining companies.
instruments
sources
- Australia Shares Set to Continue Positive Momentum — Market Talk, 26 October 2026 at 22:11 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗