ASX set to rise, Wall Street advances as tentative Iran deal drives down oil prices
Wall Street is experiencing record highs as companies report strong profits, aided by a tentative ceasefire deal in the Iran conflict that has lowered oil prices. The S&P 500 reached an all-time high, while the Australian sharemarket is also expected to rise. Oil prices have fluctuated due to ongoing negotiations between the US and Iran regarding crude oil flow from the Persian Gulf.
- ▪The S&P 500 added 0.6 percent to its all-time high after earlier fluctuations.
- ▪The Australian sharemarket is set to rise by 54 points at the open.
- ▪Oil prices fell to $US88.78 after reaching over $US92.50 due to the US-Iran agreement.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.