Live: ASX to rise after tech rally on Wall Street
The Australian share market is expected to rise following a tech rally on Wall Street. Despite high annual inflation in the US, investor sentiment remains positive. Additionally, oil prices have decreased amid hopes for peace in the Middle East.
- ▪The ASX futures are currently about 0.6% higher after a previous day of losses.
- ▪Investors were not deterred by the highest annual inflation rate in the US since 2023.
- ▪Oil prices have dropped as investors anticipate an end to the global energy shock.
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liveLive updates: ASX to rise after Wall Street tech rally as oil prices drop againBy business reporter Emilia TerzonTopic:Stock MarketFri 29 May 2026 at 7:45amFri 29 May 2026 at 7:45amFri 29 May 2026 at 7:45amSkip to timelineabc.net.au/news/asx-markets-business-live-news-may-26-2026/106736008Link copiedShareShare articleThe Australian share market is set for a positive day after a tech-led rally on Wall Street. Investors were not put off by data showing annual US inflation is the highest it has been since 2023.Meanwhile, oil prices have dropped again as investors hope for peace in the Middle East and an end to the global energy shock.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at ABC News (Australia).