ASX 200 Live Today - Wednesday, 21st October
The S&P/ASX 200 is set to rise as Brent pulls back from US$111 on compromise proposal sent to Iran and US. Here are today's top stories.
Welcome to our live ASX coverage for Wednesday, October 21. Expect a high volume of posts pre-market and more periodic updates throughout the day. We'll be wrapping the blog up around 2:00 pm AEDT. Let us know how we can make it even better.
Good morning!
[8:19 am] ASX 200 futures are up 32 pts (+0.36%). Here's what happened overnight:
Major US benchmarks finished mixed, with Dow and S&P 500 up while the Nasdaq finished breakeven, as earnings optimism and softer oil outweighed renewed pressure on AI-linked stocks
S&P 500 (+0.28%), Equal-weight S&P 500 (+1.15%)
Nasdaq (-0.02%), Dow (+1.02%), Russell 2000 (+1.77%)
Brent retreated from a five-month high above US$111 a barrel after unconfirmed reports Qatar and Pakistan put a compromise US-Iran proposal to both sides
Earnings reactions split, with GM sliding 6.8% despite a beat and new $20bn buyback, while 3M jumped 5.7% on raised guidance and an Amazon data centre deal
