Full Breakdown
ASX Futures Set to Rise on Wall Street Rally and Falling Oil Prices
By Drooid · · How we work
Core Market Move
- ASX 200 futures were up 29 points, or 0.3 per cent, to 8,809 ahead of the market opening on September 22, 2026.
- In the United States, the S&P 500 jumped 1.5 per cent, bringing it within 0.4 per cent of its recent record; the Dow Jones Industrial Average added 0.7 per cent, and the Nasdaq Composite rose 2.3 per cent to 27,122.09.
- Brent crude fell 3.4 per cent to $100.34 a barrel, and oil briefly traded below $100 a barrel.
Background & Context
- The U.S. equity surge was led by artificial-intelligence and semiconductor stocks, with Meta Platforms, Intel, Advanced Micro Devices and Nvidia posting double-digit gains.
- Lower oil prices and easing bond yields helped calm market volatility; the 10-year U.S. Treasury yield slipped to 4.95 per cent from 5.01 per cent.
- A $154 billion merger between Paramount and Warner Bros. received regulatory clearance after a settlement with 12 state attorneys general and the Writers Guild, removing the primary legal obstacle to the deal.
Data & Statistics
- Australian communication-services stocks rose 3.9 per cent, while information-technology shares advanced 2.5 per cent.
- Energy stocks on the ASX fell 2.6 per cent.
- Bitcoin briefly topped $87,000.
- The average U.S. price for a gallon of regular gasoline reached $4.48, according to the American Automobile Association.
Official Statements & Responses
- Morgan Stanley Wealth Management said: “We are preparing for market narrowing around quality large-cap US equities, amid headwinds for consumer-exposed cyclicals,” — Morgan Stanley Wealth Management
Criticism & Opposition
- No substantive, attributable criticism of the market outlook or the Paramount-Warner Bros. merger was reported; the settlement resolved earlier legal challenges.
Conflicting Reports & Gaps
- Both describe a recent decline but give slightly different levels.
What's Next
- The Paramount-Warner Bros. merger is expected to proceed under the terms of the settlement, with no further regulatory hurdles identified.
- Xi Jinping’s state visit to the United States is scheduled for September 23 – 25, a development that could influence broader market sentiment.