ASX to rise as iron ore prices surges, market awaits GDP result

Australian shares are set to rise in morning trade, thanks to a jump in commodity prices — namely oil and iron ore, which should boost energy and mining stocks.

ASX futures were up 0.2 per cent (to 7,161 points) by 6:40am AEST.

The Australian dollar had risen to 77.53 US cents (up 0.3 per…