Aussie Markets Dip as Wall St Climbs, Oil Surges

0:00Australia markets look set to dip a touch at the open today, with S&P-slash ASX 200 futures down 8 points. That's after Wall Street climbed overnight. The Dow up 0.6% or 276 points, NASDAQ gaining 0.8%. Percent. Thanks to fresh optimism around that shaky Middle East ceasefire holding. Israel's Prime Minister Greenlit direct tops with Lebanon, cooling fears the two-week truth was already crumbling from recent strikes. Oil jumped on the news too. Brent crude at 1.2% to $95.92 since a barrel, while US benchmark crude surged. $3.7% to $97.87. Traders are breathing easier short-term, but oils been on a wild ride, swinging from 70 bucks pre-war to over 119 at peaks, with US Iran's standoffs keeping supplies tight and prices elevated. Aussie shares edged of 0.2% yesterday, dollars sitting at 70 US since 80.

1:01Wall Street stayed resilient near record highs, despite mixed US data, S&P 500 just 2.2% off is January top. Standouts included, Constellation brands spiking 8.5% on solid earnings for Modelo and Wines, while snack makers simply good foods. Tanks 18.1% on week sales, inflation ticked hotter than expected in February, unemployment claims rose more than forecast, but Treasury yields held steady around 4.2%, 8% on the 10 year. With ceasefire risk lingering in oil hoarding possible, expect more volatility ahead as markets weigh the next moves. I'm Koi with the story, and you've been listening to Sydney News today. AI-powered local news.