Live: CBA brings forward rate hike forecast, ASX set to slide despite Wall Street gains

Considering the volatility of the week, Wall Street's Friday session was relatively uneventful, with a rally in semiconductor stocks dragging the market to a marginal gain.

With only a small tech sector here, the ASX looks like it will come under renewed selling pressure today despite stronger commodity prices.

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 21 Sep 2026 at 6:57amMon 21 Sep 2026 at 6:57am

Market snapshot

By Stephen Letts

• ASX 200 futures: -0.7% to 8,711 points
• ASX 200 (Friday): flat at 8,731 points
• Australian dollar: +0.1% to 71.17 US cents
• Wall Street (Friday): S&P 500 +0.2%, Dow -0.2% Nasdaq +0.4%
• Europe (Friday): Dax -1.6%, FTSE -1.5%, Eurostoxx 600 -1.2%
• Spot gold: +0.9% to $US4,379/ounce
• Oil: Brent futures -0.4% to $US104.87/barrel, WTI futures -1.6% to $U100.30/barrel
• Iron ore (Friday): +0.8% to $US97.10/tonne
• Copper (LME): +0.4% to $US14,573/tonne
• Bitcoin: -0.8% to $US81,063
• 10-year bonds: US 5.00% Australia 5.31%

Prices current at around 7:00am AEST

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Mon 21 Sep 2026 at 6:58amMon 21 Sep 2026 at 6:58am

Good morning

By Stephen Letts

Good morning and welcome to another day on the ABC markets and finance blog.

Stephen Letts from the ABC business team here, limbering up for 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's benchmark S&P 500 eked out a small gain on Friday but still made a marginal loss over what was a volatile week's trading.

The ASX looks like shedding more value today.

When trading closed on Saturday morning, ASX 200 futures pointed to a 0.7% decline.