ASX set for steady open, Wall Street hits records
US markets reached new records driven by a blowout profit report from Intel while oil prices remained volatile amid anticipation of developments in the Iran war
The ASX is set for a steady open following a session where Wall Street and the US stock market hit more records. This surge in the US market was led by Intel, which saw significant gains following the release of a blowout profit report. The records on Wall Street have established the backdrop for the Australian market opening today as it prepares for a steady start.[1][2][3][4]
While the stock market reached new records, oil prices kept yo-yoing. This continued fluctuation in oil prices comes as the market waits for what is next with the Iran war. The volatility in oil prices remains a key factor as the world watches for further developments and waits for what is next in the Iran war.[1][2][3][4]
The combination of the blowout profit report from Intel and the yo-yoing oil prices defines the current market environment. With the US stock market hitting records and the wait for what is next with the Iran war continuing, the ASX is expected to open steadily. These factors highlight the impact of both the blowout profit report and the Iran war on the markets.[1][2][3][4]
