Australian shares are poised to rise amid gains in oil and base metals and amid a rally in New York as the US Senate was preparing to vote on a temporary debt-ceiling fix.

ASX futures were up 33 points or 0.5 per cent to 7261 near 7am AEDT. The local currency rose 0.6 per cent to clear US73¢. Bitcoin was trading near $US54,200 at 7.30am AEDT.

The yield on the US 10-year note was 5 basis points higher to 1.57 per cent at 4.29pm in New York.

On Wall Street, shares were higher in a broad rally led by heavyweight tech stocks, after a truce in the debt-ceiling battle in Congress. Ten of the S&P 500’s 11 industry sectors are higher led by consumer discretionary.

Today’s agenda

Local: RBA Financial Stability Review at 11.30am AEDT

Overseas data: China Caixin services PMI September; Japan August current account; US September jobs report

Market highlights

ASX futures up 33 points or 0.5 per cent to 7261 near 7am AEDT

  • AUD +0.6% to 73.15 US cents
  • Bitcoin on -1.7% to $US54,213.64 as of 7.30am AEDT
  • On Wall St: Dow +1% S&P 500 +0.8% Nasdaq +1.1%
  • In New York: BHP +1.3% Rio +1.6% Atlassian -0.6%
  • Tesla +1.4% Apple +0.9% Alphabet +1.3% FB -1.3%
  • In Europe: Stoxx 50 +2.1% FTSE +1.2% CAC +1.7% DAX +1.9%
  • Spot gold -0.3% to $US1757.68/oz at 1.06pm New York time
  • Brent crude +1.1% to $US81.96 a barrel
  • US oil +1.1% to $US78.25 a barrel
  • Iron ore +0.3% to $US117.02 a tonne
  • 2-year yield: US 0.31% Australia 0.08%
  • 5-year yield: US 1.02% Australia 0.85%
  • 10-year yield: US 1.57% Australia 1.58% Germany -0.19%
  • US prices as of 4.29pm in New York