Live: ASX set to open higher as Wall Street rallies with new records

The Australian share market is set to open higher in morning trading after fresh records on Wall Street.Meanwhile, oil is trading at about $US106 a barrel as US President Donald Trump and Chinese leader Xi Jinping discuss the war in the Middle East.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 15 May 2026 at 7:53amFri 15 May 2026 at 7:53amGood morningGood morning everyone, and welcome to another day on the finance blog!Business reporter Adelaide Miller here to guide you through the morning, covering the top business, finance and economics stories.And to start, it was a sea of green on Wall Street, with all the major exchanges rallying.It looks like the ASX will do the same when it opens later this morning, with Futures pointing up +0.6% to 8,720 points.I'll provide a full breakdown of Wall Street in a moment, but for now, grab yourself a coffee, tea or juice, and see you back here soon!Fri 15 May 2026 at 7:43amFri 15 May 2026 at 7:43amMarket snapshotASX 200 Futures: +0.7% to 8,720 points Australian dollar: -0.1% to 72.15 US centsWall Street: S&P500 +0.8%, Dow +0.8%, Nasdaq +0.7%Europe: FTSE +0.5% to 10,373 pointsSpot gold: -0.8% to $US4,649/ounceOil: Brent futures -0.9% to $US106.58/barrelIron ore: -0.2% to $US110.9/tonneBitcoin: +0.1% to $US81,449Prices current at around 7:40am AESTThis article contains content that is not available.