ASX set to slide, Wall Street hangs near its records as oil prices ease
US stocks are maintaining their record levels as oil prices decrease, providing relief to households and businesses globally. The Australian sharemarket is expected to open lower, while Wall Street has seen gains from strong corporate earnings. The decline in oil prices is attributed to a ceasefire between the US and Iran, raising hopes for improved oil supply.
- ▪The S&P 500 rose 0.1 percent above its all-time high set the day before.
- ▪The Australian sharemarket is set to decline by 43 points at the open.
- ▪Wall Street has been boosted by strong profits reported by US companies for the start of 2026.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.