Live: ASX to open higher as Wall Street surges
Australian shares are poised to open higher after Wall Street posted broad gains overnight, with ASX 200 futures up 0.1 percent to 8,854 points. The Australian dollar also strengthened, rising 0.4 percent to 70.31 US cents. Meta raised the lower end of its yearly capital expenditure forecast to 135 billion dollars, with the top of the range holding at 145 billion, as the parent of Facebook and Instagram funds its artificial intelligence expansion. The company reported quarterly revenue of 64.60 billion dollars, beating analyst expectations of 63.37 billion. Meta also announced new non-voting shares designed to finance acquisitions and attract talent without diluting Mark Zuckerberg's voting control. Brent crude climbed 0.8 percent to 109.70 dollars a barrel, while bitcoin jumped 2.1 percent to 84,512 dollars.