Morning Wrap: ASX 200 rises, S&P 500 slips on AI competition fears, CBA beats earnings expectations

ASX 200 futures are up 38 points (+0.43%) at 8:30am AEDT.

In short:

• Key US benchmarks mostly lower Breadth was positive, however, as the equally weighted S&P 500 (+0.36%) and the Dow (+0.10%) both closed at a second consecutive all-time high

• Different drivers for this defensive sessionfrom concerns about AI competition to hawkish comments from Fed policymakers to weak US retail data

• Busiest day of the reporting season so farwith results from CBA, CSL, SGH and more

Let’s dive in.

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Summary of the overnight stay

Wednesday 11 February 8:27am (AEST)

S&P 500	6,942
Dow Jones	50,188
NASDAQ Comp	23,102
Russell 2000	2,684
Canada	33,257
China	4,128
Germany	24,988
Hong Kong	27,183
India	84,274
Japan	57,651
United Kingdom	10,354

Gold	5,029.34
copper	5.9085
WTI oil	64.24
AUD/USD	0.7074
Bitcoin (USD)	68,890
Ethereum (AUD)	2,849
US T-Bond with a term of 10 years	4,147
VIX	17.74

S&P 500 MESSAGE CHART

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