19-06-2025
- Business
- AU Financial Review
ASX to open lower; Oil rises, Wall St closed
Australian shares are poised to open lower again. Wall Street was closed for the Juneteenth public holiday. S&P 500 contracts retreated 0.9%. Europe's Stoxx 600 index closed 0.8% lower, falling for a third session. Asian shares dropped 1.4%.
Brent crude advanced past $US78 a barrel, extending gains in a week where market reaction to the Middle East conflict has been most concentrated in oil. The dollar rose 0.2%
Market highlights
ASX futures are pointing down 41 points or -0.5 per cent to 8478
All US prices are as of 1.30pm New York time.
AUD -0.8% to 64.56 US¢
Bitcoin +0.5% to $US104,611
On Wall St: Dow -0.1% S&P flat Nasdaq +0.1%
VIX 2.03 to 22.17
Gold +0.1% to $US3,371.85 an ounce
Brent oil +2.5% to $US78.63 a barrel
Iron ore +0.5% to $US92.90 a tonne
10-year yield: US 4.39% Australia 4.21%
Today's agenda
Wall Street is closed for the Juneteenth holiday.
Top stories
Family trusts and electric vehicles in tax review spotlight | Higher taxes on family trusts and electric vehicle drivers are likely to be proposed by Treasury for Jim Chalmers to help pay for income tax cuts.
| There's a growing sense of urgency within government about the need to secure a meeting with the US president.
The $300 billion fund has only just been approved to manage assets internally. Dexus is already fighting with Australian Pacific Airports Corporation investors.
Climate won't be central to Labor's environment law overhaul | Environment Minister Murray Watt said there were already mechanisms to deal with emissions from Australian coal and gas burnt overseas.
