Market Overview - Australian shares are expected to see a modest rise with ASX 200 futures indicating a +0.07% gain as New South Wales and Queensland resume trading after a public holiday [1] - The S&P 500 and Nasdaq composite both reached new records on the first day of Week 41, despite the ongoing U.S. government shutdown [2] Company Developments - AMD is in discussions to develop AI infrastructure with OpenAI, with OpenAI potentially acquiring a 10% stake in AMD, which anticipates making billions from this deal [3] - Commonwealth Bank has transitioned its core banking system to an Amazon-owned cloud-based system, resulting in 40% of Australian transactions being processed through Amazon data centers [4] Stock Movements - The Brisbane Broncos saw a significant stock increase of +40% following their NRL final victory [5] - Westpac is set to release its consumer confidence report today [5] Commodity and Forex Updates - The Australian dollar is trading at 66.1 U.S. cents [6] - Iron Ore prices decreased by -0.2% to $103.75 per tonne, while Brent Crude increased by +1.5% to $65.50 per barrel [6] - Gold is priced at $3,968 per ounce, nearing the $4,000 mark, and U.S. natural gas futures rose by +2.3% to $3.40 per gigajoule [6]
ASX Market Open: Heading back into green after quiet Monday without NSW, Queensland | Oct 7