Live: ASX lacking direction ahead of rates decision, Wall Street closes higher

Wall Street closed a volatile week higher with another rally in AI-related stocks.

The ASX is lacking direction and priced for a flat opening ahead of tomorrow's RBA rate decision

Follow the day's financial news and insights from our specialist business reporters on our live blog.

Disclaimer: this blog is not intended as investment advice.

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Mon 28 Sep 2026 at 6:54amMon 28 Sep 2026 at 6:54am

Market snapshot

By Stephen Letts

• ASX 200 futures: flat at 8,720 points
• ASX 200 (Friday): -0.4 to 8,665 points
• Australian dollar: +0.2% to 70.43 US cents
• Wall Street (Friday): S&P 500 +0.4%, Dow +% Nasdaq +0.4%
• Europe (Friday): Dax +0.6%, FTSE +0.1%, Eurostoxx 600 +0.5%
• Spot gold: +0.9% to $US4,379/ounce
• Oil: Brent futures -2.1% to $US104.32/barrel, WTI futures -2.3% to $US95.10/barrel
• Iron ore (Friday): -0.5% to $US95.10/tonne
• Copper (LME): +1.6% to $US14,464/tonne
• Bitcoin: +0.7% to $US84,597
• 10-year bonds: US 5.12% Australia 5.37%

Prices current at around 7:00am AEST

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Mon 28 Sep 2026 at 6:42amMon 28 Sep 2026 at 6:42am

Good morning

By Stephen Letts

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 the week higher, spurred on by some solid gains from Microsoft and chip makers.

The ASX looks very much a line ball decision between a gain and another loss today.

When trading closed on Saturday morning, ASX 200 futures pointed to the most marginal (well, third most marginal) gain of 0.03%, or three points.

Given the ASX has notched four weeks in retreat, we'll take any gain we can at the moment.

It's a quiet day on the data front ahead of tomorrow's RBA Monetary Policy Board meeting.