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ASX 200 futures edge up 0.1% as Brent rises 1.15% and US chip stocks fall 2%

S&P 500 -0.06% to 7,807.24; December Brent +1.15% to US$105.92; MU.US -3.88%, META.US +3.38%; RBA minutes at 11:30am

Neutral3 min readBy Swingfolio Research

At a glance

ASX 2008,783+0.76%
S&P 5007,807-0.06%
NASDAQ27,246-0.44%
Dow51,851+0.38%
VIX15.21+2.49%
Gold4,196-0.48%
Brent105.92+1.15%
AUD/USD0.6962-0.37%
SPI_F8,812+0.10%

ASX 200 futures edge up 0.1% as Brent rises 1.15% and US chip stocks fall 2%

Sentiment: neutral ASX 200 futures: +0.1%

ASX 200 futures rose 0.1% to 8,812 by 8:20am AEDT on 13 October 2026 (ABC), about 29 points above Monday's 8,783.2 close, after the S&P 500 slipped 0.06% to 7,807.24 as chip stocks fell and December Brent rose 1.15% to US$105.92 on attacks on Saudi Arabian energy sites. MU.US fell 3.88% and SMH.US 2.05%, while META.US gained 3.38% after Meta released its Muse Wonder AI models (CNBC). AUD/USD fell 0.37% to 0.6962 as the US Dollar Index rose 0.36% to 102.58, and the RBA releases its September meeting minutes at 11:30am AEDT.

Overnight drivers

  • Oil: December Brent +1.15% to US$105.92 and November WTI +1.43% to US$93.16; drone and missile attacks on Saudi Arabia and continued Russia and Ukraine strikes on energy sites lifted crude (Stockhead). XLE.US rose 1.43%, XOM.US 1.90% and CVX.US 1.42%. WDS.AU closed Monday at $32.18 and STO.AU at $8.77.
  • Chips: SMH.US -2.05%, AMD.US -2.28%, AVGO.US -1.88% and NVDA.US -1.29%, with ORCL.US down 2.84%. XRO.AU closed Monday at $61.49 (+2.81%) and WTC.AU at $34.07 (+1.31%), both before the US move.
  • USD and gold: the US Dollar Index rose 0.36% to 102.58 as CME FedWatch priced about a 71% chance of a 25 bp Fed hike in December (ABC). December gold fell 0.48% to US$4,195.90 and GDX.US 0.84%; NST.AU closed Monday at $25.00 after a 2.50% gain.
  • Telcos: TMUS.US +2.21%, VZ.US +2.71% and T.US +1.40% recovered part of Friday's SpaceX spectrum losses. TLS.AU fell 2.52% to $4.65 on Monday and TPG.AU 4.90% to $3.69; Telstra holds its AGM today.

Overnight Wall Street

  • S&P 500: 7,807.24 (-0.06%)
  • Nasdaq: 27,245.90 (-0.44%)
  • Dow: 51,850.55 (+0.38%)
  • VIX: 15.21 (+2.49%)

The S&P 500 slipped 4.30 points to 7,807.24 on 12 October 2026, with shares in about 64% of its companies higher (AP). MU.US fell 3.88% to US$989.04 and AMD.US 2.28% to US$594.24 ahead of third-quarter earnings, while META.US rose 3.38% to US$742.96 on the Muse Wonder release, which carries US$20 and US$100 monthly subscription tiers (CNBC). MSFT.US gained 1.14% and AAPL.US 1.29%.

US bond markets were closed for Columbus Day, which left the 10-year yield at Friday's 5.24%. XLF.US rose 0.58% into Tuesday's third-quarter results from JPMorgan, Goldman Sachs and Wells Fargo; JPM.US added 0.39%. The Russell 2000 fell 0.45% to 2,794.48. In Europe, the DAX rose 0.76% and the FTSE 100 0.99% (Stockhead).

Commodities and FX (AU-relevant)

  • Gold (December): US$4,195.90/oz (-0.48%)
  • Brent (December): US$105.92 (+1.15%)
  • WTI (November): US$93.16 (+1.43%)
  • Copper (December): US$6.76/lb (+1.08%)
  • Iron ore: US$90.80/t (+0.1%, ABC)
  • AUD/USD: 0.6962 (-0.37%)

AP reported Brent settled 1.8% higher at US$106.65, and ABC put Australian petrol prices above $2.40 a litre, a six-month high. BHP.US at US$86.72 equals two BHP.AU shares, or about A$62.28 at 0.6962, 0.24% below Monday's $62.43 close. FCX.US fell 0.54% even as December copper rose 1.08%. The Australian 10-year yield stood at 5.34% (ABC).

Key themes for the ASX open

  • Energy: Brent +1.15% and XLE.US +1.43% follow an energy sector that fell 0.41% on Monday; WDS.AU closed at $32.18 (-0.43%).
  • Tech: SMH.US -2.05% after the ASX IT index rose 0.85% on Monday; NXT.AU closed at $10.15 (-2.12%).
  • Gold miners: December gold -0.48% and GDX.US -0.84% follow Monday's 0.84% gain in the All Ords Gold index; EVN.AU closed at $13.11.
  • Banks: CBA.AU closed Monday at $151.00 and WBC.AU at $34.63 (+2.70%) after a 1.56% rise in the financials index; the CBA.AU AGM is on Wednesday.
  • Telcos: US carriers rose 1.40% to 2.71% overnight after Monday's falls in TLS.AU and TPG.AU.

Economic calendar today

  • 10:00 AEDT: ASX open, after the ASX 200 rose 66.6 points to 8,783.2 on Monday
  • 11:30 AEDT: RBA minutes of the September meeting, at which the cash rate rose 25 bp to 4.60% (Judo Bank)
  • Today: NAB Business Survey for September (FXStreet); Telstra AGM
  • Tonight, US time: JPMorgan, Goldman Sachs and Wells Fargo third-quarter results
  • Wednesday 23:30 AEDT: US September CPI; AP reports economists expect 3.6% annual inflation, up from 3.4% in August

What to watch

  • 29 points is the gap between the 8,812 futures level and Monday's 8,783.2 close.
  • US$105.92 is December Brent, after a range of about US$96 to nearly US$110 over the past month (AP).
  • 0.6962 is AUD/USD after a 0.37% fall, with the US Dollar Index at 102.58.

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Disclaimer

This briefing provides market observations and general information only. It is not personal financial advice and does not take into account your objectives, situation or needs. Past performance is not a reliable indicator of future performance. Consider seeking independent advice before acting on any information presented here.

Prices and market data sourced from EODHD and Yahoo Finance and may be delayed. Swingfolio does not hold an AFS licence and does not provide personal advice. Editorial standards and methodology →