The Australian share market is set for a positive day after a tech-led rally on Wall Street. Investors were not put off by data showing annual US inflation is the highest it has been since 2023.Meanwhile, oil prices have dropped again as investors hope for peace in the Middle East and an end to the global energy shock. Follow the day's financial news and insights from our specialist business reporters on our live blog.Disclaimer: this blog is not intended as investment advice.Collapse all postsFri 29 May 2026 at 7:34amFri 29 May 2026 at 7:34amASX to open higher after tech rally on Wall StreetBy Emilia TerzonMorning! Emilia here with you for the next few hours.We've had a tech-led rally on Wall Street overnight, with investors there not put off by data showing the US is sitting at its highest level of annual inflation since 2023.That's putting investors into a good mood here, with ASX futures sitting at about 0.6% higher right now. That's after a pretty downer day of trade yesterday, with losses of 1.4%.Of course, anything could happen. We'll be here all day to update you on all things markets, business and economic.