ASX set to chase Wall Street higher

Summary

• ASX futures were up 12 points, or 0.2%, at 6689.0 and hinting that the local market will extend Tuesday's 1.2% rise
• US markets finished higher after resuming from a three-day break, helped by US Treasury Secretary nominee Janet Yellen pushing for a hefty fiscal relief package before lawmakers
• Iron ore slipped 1.6% to $US171.33 a tonne, oil prices moved higher, and gold was flat. The Aussie dollar is worth 76.96 US cents
• Miner BHP is due to release its quarterly production report today