ASX set to surge as Wall Street rises, oil retreats; Meta tumbles; $A jumps
The ASX is poised for a strong opening following gains on Wall Street, where major indices rose on robust corporate earnings from companies like Alphabet, despite volatility in oil markets. Oil prices surged due to disruptions from the Iran conflict, including the closure of the Strait of Hormuz, but later retreated from their highs. The Australian dollar strengthened as investors reacted to global market movements and improved risk sentiment.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.