ASX Market Open: Rallying Oz happy to ignore Wall Street’s Trump-Beijing worries | Oct 15

Market Overview - Australian shares are expected to open with a +0.9% rally, showing resilience despite a challenging session on Wall Street where the Dow Jones rose while the S&P 500 and Nasdaq composite fell [1] - U.S. market concerns stem from Trump's comments on China not purchasing American soybeans and Federal Reserve Chairman Jerome Powell's worries about U.S. job markets [2][3] Company News - Westpac (ASX:WBC) has been relieved from holding an additional $500 million in capital, a requirement imposed by APRA in 2019 due to previous compliance failures [4] - Red Mountain Mining (ASX:RMX) reported results that support its exploration model at Oaky Creek, targeting a vein-style orogenic antimony-gold deposit [4] - Commonwealth Bank (ASX:CBA) is focusing on succession planning during its AGM [5] - Bank of Queensland (ASX:BOQ) is set to report earnings today [5] Commodity and Forex Update - The Australian dollar is trading at 64.8 U.S. cents [6] - Iron ore prices have decreased by -2.3% to $105.30 per tonne, while Brent crude oil is down -1.7% to $62.26 per barrel [6] - Gold prices have surged to $4,152 per ounce, indicating strong demand [6] - U.S. natural gas futures have dropped -2.3% to $3.02 per gigajoule [6]