ASX Rides US Rebound Higher | Adelaide News

0:00It's September 2nd. This is Adelaide News Today, powered by AI. I'm Cory with the story. Alright, let's talk markets. The Australian share market is looking like it's going to kick off the day on a positive note. This comes after Wall Street saw a solid rebound overnight, with all the major indexes finishing in the green. Futures are pointing to a gain of about 0.4% for the ASX. Meanwhile, the price of oil is holding steady above $95 a barrel. This is happening as both the Australian and United States bond markets are showing signs of stabilization after some recent fluctuations. On the currency front, the Aussie dollar is currently trading around 71.67 US cents. It's a bit of a mixed bag globally, with some European markets seeing slight dips. Looking at some other commodities, gold is up 1.3%, trading at over $4,386 an ounce. Bitcoin, on the other hand, is down 0.2%. So, the general vibe is a bit of a bounce back, especially from the US markets,

1:03and that's giving the ASX a bit of a lift as well. We'll keep an eye on how things develop throughout the day.