ASX to rise after Wall Street steadies; Takeover offer for AMP



  • ASX futures are up 36 points, or 0.6%, to 5972 and hint at an early bounce for the local bourse. 
  • A strong rebound in US tech stocks helped power an overnight Wall Street rally ahead of quarterly reports from Facebook, Amazon and Alphabet
  • Commodities have taken a hit. Spot gold dipped 0.4% to $US1869.45 an ounce, Brent crude lost 3.4% and US oil fell 2.8%, while iron ore shed 0.7% to $US116 per tonne
  • Finance giant AMP has recieved a takeover bid from US private equity firm Ares

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