ASX expected to rise as Dow Jones hits a new record

The ASX is set to rebound on Thursday after a shaky week, as the Dow Jones hit a new record high in the US overnight.

At 7:15am AEDT, ASX 200 futures were up 0.6 per cent, to 6,751.

The market closed down on Wednesday after commodities stocks were hit by dwindling global prices.

The local benchmark could be taking its lead from the US, where all major share markets are trading up.

Inflation figures there showed prices on core consumer products did not go up as much as expected in February, which had been worrying some investors.

“A lower than expected US CPI point provided markets with a cool breeze, allaying fears of an overheating US economy,” NAB analysts said in a briefing note.