What do ASX futures suggest for the ASX 200 open today?

ASX futures indicate a near-flat open after Thursday’s $50b selloff. That points to a cautious session where traders want more clarity on oil, rates, and earnings before adding risk. Early trade may be range bound unless fresh headlines on commodities or policy hit. We would track breadth, opening auction imbalances, and sectors tied to oil and yields for the first directional cues.

How could the Brent crude price move affect ASX sectors today?

If the Brent crude price keeps easing from around US$112, airlines, logistics, and some retailers may get relief on fuel costs, while energy producers could see some profit-taking. If oil rebounds, the reverse applies, with energy likely leading. Higher or lower oil also nudges inflation expectations, which can shift bond yields and drive rotations between banks, REITs, defensives, and growth names.

What might push the RBA toward a rate hike sooner than markets expect?

A surprise jump in core services inflation, stronger-than-expected wage growth, or signs that inflation expectations are drifting up could all tilt the RBA more hawkish. Persistent energy and housing cost pressures would add to that risk. In markets, higher hike odds usually weigh on long-duration growth stocks and some REITs, while potentially supporting banks and insurers if credit quality holds steady.

Global Market Insights

ASX Futures March 20: Muted open after $50b rout as oil backs off

ByDanny Kontos March 20, 2026March 20, 2026

ASX futures signal a near-flat start for March 20 after Thursday’s $50b wipeout. The ASX 200 open may track sideways as the Brent crude price eases from around US$112 on signs of progress for shipping lanes. Elevated RBA rate hike odds, driven by firm jobs data and energy-led inflation, keep traders cautious. We expect energy, gold, and defensives to stay active, while Premier Investments’ results could sway retail sentiment. Position sizing and swift risk controls look key into the bell.