Daily Updates

US equities had another positive session overnight, with the S&P 500 closing at a fresh record high after a late rise amid optimism over trade talks.

A late rally drove US equities higher on Friday, pushing the S&P 500 to a record high at the close. However, trade news caused some volatility during the session. The Aussie equity market closed Friday in the red but has opened higher this morning.

US stock prices bounced last night, taking the tech-heavy Nasdaq 100 to a record high, while the broader S&P 500 closed just short. The rise in US equities was driven by hopes for more easing from the Fed and a possible extension of the tariff pause.

US equities started the overnight session strongly, building on the solid gains of the previous two days but lost ground through the session, with the S&P 500 closing the day unchanged. US Treasury yields initially climbed but then fell back to be trading a little lower than this time yesterday, while the US dollar index fell to a fresh three-year low.

US stocks continued to climb overnight, while oil prices fell further, as the ceasefire between Israel and Iran appeared to hold after some initial confusion. US Treasury yields declined, with the additional help of a balanced testimony from Fed Chair Jerome Powell before a US House of Representatives Committee.

US stocks closed higher thanks to a late rally, while the oil price dropped, as the Iranian retaliation to the US weekend attacks was seen as de-escalatory. Iran attacked a US military base in Qatar, but warned the US and Qatar beforehand, which allowed for evacuation and avoided casualties.