ASX set to rise, General Motors helps Wall Street pare losses

The news: The Australian sharemarket is poised to open higher despite major US indices ending mixed after a choppy session on Wall Street.

The numbers: Updated at 7:25am AEDT:

• ASX futures: up 23 points or 0.27% at 8,267 points
• Wall Street: Dow Jones down 0.01%, S&P 500 down 0.05, Nasdaq up 0.17%
• Europe: FTSE 100 down 0.14%, CAC 40 down 0.01%, DAX down 0.2%
• Spot gold: up 1.03% to USD2,747.85 per ounce
• Oil prices: Brent up 1.97% to USD75.75/ barrel, US WTI up 2.17% to USD72.09/bbl
• AUD: up 0.33% at 66.8 US cents
• Bitcoin: up 0.12% to USD67,443.52

The context: While the Dow and the S&P 500 closed marginally lower after paring losses, the tech-heavy Nasdaq gained ground as Treasury yields retreated and investors assess the likely path for interest rates. Among corporate earnings, Verizon fell as the telecom giant missed estimates for third-quarter revenue, but General Motors jumped more than 9% after the legacy carmaker's third-quarter results beat Wall Street estimates.

What to Watch: Annual general meetings for Fletcher Building, Tabcorp, National Storage REIT, among others.