The Australian Securities Exchange (ASX) is expected to open on a positive note with a slight rise in futures, reacting to the mixed performance of Wall Street after a volatile trading session. The market sentiment has been affected by Nvidia's disappointing earnings report, which hindered the technology sector that previously led a significant market rally. As tech stocks pulled back, investors are recalibrating expectations ahead of upcoming corporate earnings reports that will be closely monitored for further market direction.

Several prominent Australian companies are set to announce their earnings, including Coles, TPG Telecom, Virgin Australia, Harvey Norman, and Star Entertainment. These reports are crucial, as they hold the potential to significantly influence market movement and investor confidence. Coles, in particular, is in the spotlight, and analysts are keen to gauge its performance against the backdrop of changing consumer spending patterns in Australia.

Overall, this live market update reflects the broader uncertainty in the financial markets as investors navigate the impact of corporate earnings on stock performance, alongside fluctuating tech stocks. The expectation for the ASX to edge up suggests a cautiously optimistic outlook; however, the continuing effects of global market trends stemming from Wall Street will play a vital role in shaping the day's trading actions.