Live updates: Australian share market to rise as Wall Street ends flat, gold jumps on demand

The Australian sharemarket is set to open higher despite a mediocre session on Wall Street, while uncertainties around President-elect Donald Trump's policies lift gold prices.ASX 200 futures: +0.2% to 8,217 pointsGlobal systems outages, such as the CrowdStrike failure, can leave organisations without access to digital payment methods.

A strong auction of seven-year notes early in the afternoon though helped yields come off slightly, with the 10-year note at 4.58% in late-afternoon trade. The megacap techstockscame off somewhat in the summer, as investors sought to rotate some capital into other sectors offering more value. Since the US elections in November though, they have resumed their drive upwards and have outperformed the equal-weighted version of the S&P 500, said Adam Turnquist, chief technical strategist for LPL Financial.

However, US stocks have hit a speed bump in the final month of the year following an election-led rally in November as investors assess the Federal Reserve's projection of fewer interest rate cuts in 2025.Wall Street indexes were marginally higher and US benchmark Treasury yields were hardly changed on the day after scaling the highest levels since May inlight, post-Christmas trading.

"It's light volume and now we are recovering some earlier losses due to some profit taking from Tuesday's rally," said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. "I think we're in the Santa Claus rally, with a little bit of a bump in the road here today, and it's probably safe to say the year-end rally will continue."

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