ASX to rise after Christmas break

The news: The Australian sharemarket is set to climb higher at the end of a short trading week, despite a mixed session on Wall Street overnight.

The numbers: Updated at 8:10am AEDT

• ASX futures: up 20 points or 0.2% at 8,218 points
• Wall Street: Dow Jones up 0.06%, S&P 500 down 0.04%, Nasdaq down 0.05%
• Europe: FTSE 100 up 0.42%, CAC 40 up 0.14%, DAX down 0.18%
• Spot gold: up 0.65% to USD2,633.84 per ounce
• Oil prices: Brent down 0.61% to USD73.13/barrel, US WTI down 0.78% to USD73.13/bbl
• AUD: down 0.27% at 62.22 US cents
• Bitcoin: down 3.13% to USD95,349.94

The context: Wall Street traded flat on thin volumes after closing for Christmas. After three consecutive trading days of gains, many of the big tech names dragged on the index with Nvidia, Tesla, Meta, Netflix and Amazon all ending lower. Chip names like Broadcom and Micron Technology continue to rise higher. US retailers like Target and Dollar Tree were buoyed over the holiday shopping period.

What to watch: A spate of US economic data is out next week to close out the year, covering construction, manufacturing and property. Australian manufacturing, commodity and property price data will be out on Thursday.