Summary

• SPI futures are pointing to a rise of 41 points, or 0.7 per cent, for the ASX 200 at the open of trade
• Wall Street's recovery accelerated overnight, with the S&P500 extending gains by 1.2 per cent, bringing it into positive territory on a year-to-date basis
• The NASDAQ also lifted, closing the US session at a fresh all-time high
• The Aussie dollar was buying US70.25 cents at 9am, the highest since July 2019