Australia's S&P/ASX 200 expected to rise due to Wall Street's record week and strong bank profits.
Australia's S&P/ASX 200 is expected to rise following a record week on Wall Street, where the S&P 500 and Dow Jones hit all-time highs due to strong profit reports from major banks. The ASX 200 futures suggest a 46-point increase after a decline the previous week, influenced by weaker performance from miners and real estate. Notably, Wells Fargo's shares rose 5.6% after exceeding profit expectations.
October 13, 2024
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