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Live updates: ASX set to rise after Dow hits record high above 40,000 points

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Wall Street edged higher on Friday's close, but it was enough to push the Dow Jones Index above 40,000 points for the first time and give the local market enough momentum to open in positive territory. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

Wall Street edged higher on Friday's close, but it was enough to push the Dow Jones Index above 40,000 points for the first time and give the local market momentum to open in positive territory this morning.

Follow the day's financial news and insights from our specialist business reporters on our live blog.Live updates on the major ASX indices:Stephen Letts from ABC business team limbering up for another blow-by-blow, post-by-post blog of the day's events on the markets and in finance. Right now, the portents are looking OK. The ASX futures are up 0.5% after a relatively muted close on Wall Street.Both gained over the week, the fourth consecutive week of gains for both indices, but both were left in the shade by their 30-strong, blue-chip brethren on the Dow Jones.

For the numerically inclined, the Dow was up 0.3%, closing above 40,000 points for the first time since such things became things .Adult 'fans' are subscribing for photos of an Australian child. Her parent runs the accountA new report says some banks are 'abandoning' customers who ask for assistance

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