ASX loses steam as US futures sag; Banks still ahead

Summary

• The ASX 200 rebounded at Friday's open, rising by as much as 0.4%, before sinking into the red in early afternoon trade
• The big banks and Fortescue Metals pushed higher, while ResMed jumped 9.4% on a solid quarterly result
• Finance giant AMP confirmed it has recieved a takeover bid from US private equity firm Ares. Shares in the company leapt more than 20% on Friday
• Queensland will reopen its borders to regional New South Wales on November 3, but travel from Greater Sydney and Victoria will remain restricted
• US futures are down, with Dow emini losing 0.7%, the S&P emini 0.9%, and the NASDAQ 1.4%.