Before the Bell: ASX futures flat, oil rises, US stocks edge higher

ASX futures were up 14 points or 0.2 per cent to 7016 near 4.30am AEDT.In New York: BHP -1.9% Rio -1.9% Atlassian +1.5%The local currency was 0.2 per cent higher; the Bloomberg dollar spot index was little changed.In a note, LPL Financial said in keeping with the Federal Reserve’s ‘higher for longer’ mantra and the surge in yields it was revising higher its forecast for the US 10-year yield.

: “Dow Theory remains bullish since the July reversal although both the Industrials and Transports are considerably off their 2023 highs. The Nasdaq Composite index is setting up for a counter-trend rally on the daily chart while the Russell 2000 broke down out of a longstanding compressing range .

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