Live: ASX set to edge higher after Nvidia-fuelled Wall Street rally

The ASX is set to edge higher after gains in the US, where Nvidia helped drive a rally in technology stocks. 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.Fri 28 Aug 2026 at 7:39amFri 28 Aug 2026 at 7:39amMarket snapshotASX 200 Futures: +0.1% to 9,000 points Australian dollar: flat at 71.94 US centsWall Street: Dow Jones (+0.2%), S&P 500 (+0.72%), Nasdaq Composite (+1.57%)Europe: FTSE (-0.79%), DAX (+0.3%) Spot gold: +0.2% at $US4,601/ounce Oil (Brent crude): +1.76% to $US89.39/barrel Bitcoin: +2.1% to $US80,124Prices current around 7:30 am AESTFri 28 Aug 2026 at 8:14amFri 28 Aug 2026 at 8:14amICYMI: Thursday finance with David ChauThe ASX 200 ended its day significantly lower as three of Australia's largest banks are now predicting there will be another interest rate hike, potentially as soon as next month.Here are the headlines from yesterday with David Chau. Fri 28 Aug 2026 at 8:04amFri 28 Aug 2026 at 8:04amWesfarmer's CEO: The ‘Anko effect’ is spreading beyond KmartWesfarmers chief executive Rob Scott spoke with the ABC's The Business on Thursday evening and says Kmart's Anko model is becoming an increasingly important part of the broader group, with its design and sourcing capabilities now being pushed into other businesses.Asked how heavily Wesfarmers was relying on the brand, Scott said:"Anko is a core part of the Kmart and Target proposition."It's hard to disassociate Anko from Kmart. Anko is Kmart."You could say that Kmart is as much a product development company as it is an amazing retail company."We're starting to use that Anko product development and sourcing capability and extend that into new categories."He pointed to furniture, saying Anko products had been so popular online that Wesfarmers had opened its first K Homes store at Box Hill in Melbourne.And the strategy is now extending into Officeworks."Even recently Officeworks has been leveraging the Anko design and sourcing capability to support better quality, lower price stationery products, art and crafts products, technology accessories within the Officeworks business."So it's a very powerful part of our business."Fri 28 Aug 2026 at 7:47amFri 28 Aug 2026 at 7:47amDavid v Bunnings - Mitre 10 franchisee wins crucial legal costs caseA Queensland Mitre 10 franchisee has won a crucial legal costs fight against Bunnings.The ruling could make it easier for small businesses to take on corporate giants in competition cases.It clears the way for David Woodman to pursue his bid to stop Bunnings opening next door to his Jimboomba store.Read more from business reporter Emilia Terzon.Fri 28 Aug 2026 at 7:28amFri 28 Aug 2026 at 7:28amASX to modestly rise Good morning and happy Friday!Lin here from the ABC’s national business team to take you through this morning of financial and business news.Aussie shares are poised for a modest rise at the open, after Nvidia’s strong earnings helped lift Wall Street and reinforced confidence in the AI-driven tech rally. The chip company’s share price surged by 8.7%.Wall Street rose, led by technology stocks, with the Nasdaq up 1.57%, the S&P 500 gaining 0.72% and the Dow adding 0.2%.Attention now shifts to Federal Reserve Chair Kevin Warsh’s first Jackson Hole speech on Friday (US time).His remarks will be closely watched for clues on the path for US interest rates, particularly after recent inflation data and moves in bond yields.The Aussie dollar rose slightly overnight and is currently trading just below 0.72.