Company Interview / the open: ASX to rise as Wall Street resets record high

The local market is set to extend its record high today with ASX futures up 0.2%, whilst the S&P 500 and the Nasdaq ended at record closing highs. 

The US consumer price index rose 2.7% in 12 months through to July, which was slightly below forecasts. Excluding volatile food and energy components, core CPI rose 0.3%, for the month, the biggest gain since January, lifted by higher prices for services, including a 4% increase in airfares. 

The US dollar fell across the board after data. While the British pound was up 0.5% on the dollar as the UK jobs market weakened further. The Australian dollar is at US65.3c. 

And the Commonwealth Bank has delivered a cash profit of $10.25 billion for the full-year, which was in line with forecasts.