ASX set to rise as Wall Street rallies; NAB profit down 37%

Summary

• ASX futures are up 0.1% and hint at modest early gains for the local bourse, following a flat session on Wednesday
• Wall Street surged overnight as markets saw the upside of political control in Washington remaining split between Democrats and Republicans
• The winner of the 2020 presidential election is still unclear and the race remains extremely tight, but the Biden camp is confident of victory
• NAB cash earnings are down 37% to $3.7b for the year and the lender will pay a scaled-back 30 cent dividend