Live updates: Australian shares are set to open higher

📆 10/31/2023 9:31 PM
📰 abcnews

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Australian shares are set to open higher. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.

US stocks mostly rose and the ASX 200 futures indicates the market will rise about 0.5 per cent on Wednesday.

"Pockets of stress are likely to grow in the medium term as highly indebted households continue to be tested by higher debt servicing burdens," the Reserve Bank of New Zealand said in its semi-annual Financial Stability Report. Investors are waiting to see what the US Federal Reserve says after a two-day policy meeting ends on Wednesday, with the possibility that the central bank will hold rates higher for longer.

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