ASX futures are indicating a flat to slightly positive start today, with the market expected to open steady following mixed recent activity. The S&P/ASX 200 closed modestly higher on Thursday, up 0.27%, buoyed by banking and resources sectors despite some weakness in property stocks.
Overseas, US markets closed mixed overnight; the Dow Jones and S&P 500 ended little changed, while the Nasdaq posted small gains led by Meta's 5% rise after budget cuts were announced for its metaverse division. European markets showed steadiness, and Asian shares traded cautiously amid ongoing geopolitical concerns.
Investors should monitor today’s economic data releases and company announcements on the ASX, particularly in the banking and resources sectors. Additionally, ongoing speculation regarding a possible US Federal Reserve rate cut in December remains a key theme affecting market sentiment.
Market participants are advised to watch for updates on corporate earnings, rate policies, and geopolitical developments that could influence market momentum.