Australian shares are poised to surge higher at the open, bolstered by hopes that the US and Iran are moving toward an end to their war. President Donald Trump earlier told reporters that talks between the two nations were “in the final stages”. “We’re in the final stages of Iran. We’ll see what happens. Either have a deal or we’re going to do some things that are a little bit nasty, but hopefully that won’t happen,” Trump said. “Ideally I’d like to see few people
killed, as opposed to a lot. We can do it either way.” Oil fell below $US105 a barrel, and gold rose. Yields on US government bonds dropped – though they remain sharply higher than a month ago. ASX 200 futures were up 112 points or 1.3 per cent to 8641 near 4am AEST. The S&P 500 was 0.9 per cent higher, with consumer discretionary and information technology leading the advance. Nvidia was 1.9 per cent higher. It’s set to report its quarterly results after the
closing bell. Market highlights ASX 200 futures are pointing up 112 points or 1.3 per cent to 8641.All US prices near 2pm New York time. AUD +0.7% to US71.53¢Bitcoin +/-% to $USOn Wall St: Dow +1.1% S&P +0.9% Nasdaq +1.3%VIX -0.52 to 17.54Gold +1.1% to $US4531.61 an ounceBrent oil -6% to $US104.60 a barrelIron ore -0.4% to $US107.40 a tonne10-year yield: US 4.58% Australia 5.07% Today’s agenda April’s Labour force report is set for release at 11.30am AEST. TD Securities: “We expect April jobs growth
at more than 25,000. Q1′26 jobs growth was strong at more than 93,000 jobs, higher than the Q1 average over the past decade. We expect the strength to extend again in April, underpinned by investment and project work as the RBA flagged. This should translate into a steady unemployment rate at 4.3 per cent. Firm jobs growth and upside inflation risks should continue to anchor expectations of further rate hikes from the RBA.” Top stories Keating lashes ‘howls’ of wealthy investors as he backs CGT
changes | The former prime minister criticised wealthy people who had “feasted” on lightly taxed capital gains for years and now opposed a return to the model he set up in 1985. ATO already bans most income-splitting by trusts cited in budget | The budget papers’ justification for a new tax on discretionary trusts relies on models that would already be flagged as tax avoidance under existing laws. Treasury advice led Labor to broaden CGT policy beyond housing | The tax changes were extended beyond
housing less than a month before budget day and now leave Labor locked in a battle with small businesses and investors.
ASX 200 futures, US Iran peace talks, Donald Trump, oil, gold, bond yields, Nvidia, Labour force report, CGT changes, Keating
So they’re saying peace talks and the market jumps? Cool cool.
“Final stages” like that’s a good thing?? Also Trump saying “nasty” stuff is weird like why would you even say that on camera. Oil down and gold up is probably because people are nervous, not because Iran is suddenly chill.
Wait I thought Iran and the US were already in peace? My cousin said they agreed like last week. If yields dropped then the war risk must’ve gone away, right? Or is that just because Nvidia is up? I can’t keep track.
This sounds like it’s all about markets and not actual people, like “few people killed”??? what even is that sentence. Gold went up but oil went down like that’s supposed to make it better?? Also why am I hearing about CGT and wealthy investors in the same article like it’s all connected lol