ASX to open higher, Tesla jump lifts S&P 500, Nasdaq

The news: The Australian sharemarket is set to open higher despite a mixed result on Wall Street, where two of the three main indices closed higher after Tesla shares rocketed following a positive earnings forecast.

The numbers: Updated at 7:25am AEDT:

• ASX futures: up 15 points or 0.18% at 8,222 points
• Wall Street: Dow Jones down 0.34%, S&P 500 up 0.21%, Nasdaq up 0.76%
• Europe: FTSE 100 up 0.13%, CAC 40 up 0.08%, DAX up 0.34%
• Spot gold: up 0.76% to USD2,736.29 per ounce
• Oil prices: Brent down 0.36% to USD74.69/ barrel, US WTI down 0.41% to USD70.48/bbl
• AUD: up 0.11% at 66.40 US cents
• Bitcoin: up 2.09% to USD68,062.21

The context: Tesla shares soared 22% after the EV-maker reported robust third-quarter profits and surprised investors with a prediction of 20% to 30% sales growth next year. That result, along with a decline in Treasury yields from a three-month high, helped buoy market sentiment despite some shaky corporate results and worries over the outlook for the Federal Reserve's rate cuts.

What to Watch: Quarterly results from ResMed and Whitehaven Coal, annual general meetings for Qantas, Cochlear, Cleanaway, Pinnacle, and CAR Group among others, as well as the Reserve bank’s annual report.