Australian shares to open lower as Wall St extends winning run on ceasefire hopes
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The news: The Australian sharemarket is set to edge lower at the open, even as US stocks advanced overnight, spurred by news that Israel agreed to open direct peace talks with Lebanon.
The numbers: Updated at 7:45am AEST:
- ASX futures: down 8 points to 8,995 points
- Wall Street: Dow Jones up 0.58%, S&P 500 up 0.62%, Nasdaq up 0.83%
- Europe: FTSE 100 down 0.05%, CAC 40 down 0.22%, DAX down 1.14%
- Spot gold: up 0.97% to USD4,766.53 per ounce
- Oil prices: Brent up 1.58% to USD96.25/barrel, US WTI up 4.01% to USD98.21/bbl
- AUD: up 0.47% at 70.79 US cents
- Bitcoin: up 1.61% to USD72,250
The context: US stocks extended gains into a seventh straight day, as the S&P 500 delivered its longest winning run since October.
The rally was boosted after US President Donald Trump said he was “very optimistic” about a deal with Iran, while Israeli Prime Minister Benjamin Netanyahu agreed to hold direct talks with Lebanon.
However, software stocks tumbled, with Sydney-headquartered Atlassian sinking 7.3%.
The latest selloff came after AI research company Anthropic launched Claude Managed Agents and Meta announced a new AI model.
