Australian equities are poised for a positive open as global risk sentiment improves, driven by a pullback in oil prices amid growing hopes for a diplomatic resolution to tensions in the Middle East.
The broader market backdrop is shifting as investors digest a complex mix of macroeconomic data and corporate developments ahead of a pivotal week for monetary policy.
The sell-off was led by SpaceX, which saw its valuation tumble more than 10% for the third consecutive day following news of a significant bond sale.
In New York, technology stocks weighed heavily on major indices, dragging down both the S&P 500 and the Nasdaq.
The sell-off was led by SpaceX, which saw its valuation tumble more than 10% for the third consecutive day following news of a significant bond sale.
The sharp decline in the aerospace giant highlights ongoing investor caution regarding capital structure and liquidity in high-growth sectors.
Meanwhile, macroeconomic data from Canada revealed inflation has risen to its highest level since 2023, fueled primarily by a spike in petrol prices.