Live: ASX to rise as Wall Street jumps with help from Nike, FedEx and consumer sentiment

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Live: ASX to rise as Wall Street jumps with help from Nike, FedEx and consumer sentiment
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A rally on Wall Street is likely to send Australian stocks higher, while oil prices jump after data suggests a larger-than-expected draw in US crude stockpiles. Follow the latest updates in our live blog.

Good morning, I'll be taking you through all the live markets action from ASX open to close, along with a bit of economics and company news along the way.

The ASX SPI 200 futures are up more than half a per cent, following a 1.4 per cent jump in the main Wall Street index, the Shelped by upbeat Nike and FedEx quarterly updates, as well as improving consumer confidence and easing inflation expectations from investors.

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