Wall Street closed higher on Friday but still fell 1.4% over the week after a jittery session tied to concerns about attempts to suppress rising US interest rates. The ASX is set to rise ahead of another busy day of corporate reporting, with the final week of August reporting season likely to see analysts trim earnings forecasts.
WHO:ASX and Wall Street traders
WHAT:ASX is set to rise following a Wall Street rebound, with investors looking to corporate reporting.
WHEN:Reported Aug 23, 2026 at 4:58 PM ET
WHERE:Australia
WHY:The market outlook is driven by Wall Street’s Friday close and the upcoming schedule of corporate reporting, with analysts expected to adjust earnings forecasts.
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