Jun 24, 2026 – 4.05amKey Posts8 mins ago — 4.04AMBefore the Bell: ASX to rise, semis hit by selling wave11 mins ago — 4.00AMSpaceX bond offerings draws near $130b in bids11 mins ago — 4.00AMEuro weakest v US dollar in a year12 mins ago — 4.00AMGood morningGo to latestPinned post – 4.04AMBefore the Bell: ASX to rise, semis hit by selling waveTimothy MooreAustralian shares are set to open higher amid volatile trading on Wall Street as selling pressure hit the tech sector, in particular semiconductor stocks.ASX 200 futures were up 65 points or 0.7 per cent to 8817 near 3.45am AEST. In New York the S&P 500 was 1 per cent lower at 1.50pm, paring an opening swoon amid renewed tech selling.A key semiconductor index shed more than 7 per cent. Both Sandisk and Micron Technology fell more than 10 per cent. Lam Research, Arm Holdings, Qualcomm, Texas Instruments and Marvell Technology were each at least 8 per cent lower.Tesla and Nvidia lead the magnificent seven lower. In contrast, SpaceX rebounded more than 6 per cent. Market highlightsASX 200 futures are pointing up 65 points or 0.7 per cent to 8817.All US prices near 1.50pm New York time.AUD -1.2% to US69.15¢Bitcoin -3.3% to $US62,404On Wall St: Dow +0.2% S&P -1% Nasdaq -1.6%VIX +1.34 to 18.62Gold -1.4% to $US4131.81 an ounceBrent oil -1.1% to $US77.05 a barrelIron ore -0.7% to $US97.60 a tonne10-year yield: US 4.49% Australia 4.77%Today’s agendaAustralia will release May CPI data at 11.30am. Here’s what NAB expects: “May CPI is expected to accelerate to 4.4 per cent from 4.2 per cent year-over-year, marginally above consensus for 4.3% yoy.“Measured airfares are a wild card, but we expect a spike in international travel prices to partially offset the sharp fall in fuel prices. Trimmed mean is expected at 0.3% mom and 3.5% yoy, in line with consensus.”eToro analyst Josh Gilbert: “The problem is that inflation is still too high, while the labour market is showing clearer signs of softening. That leaves the RBA walking a narrow path between doing enough to bring inflation back to target and doing too much damage to households and the jobs market.”Top storiesCommonwealth claims Morrison’s visit to Fiona Brown’s office wasn’t work | The Commonwealth claims an allegedly intimidating visit by the then prime minister during the Brittany Higgins saga was not connected to her job.Tech the worst performer on the ASX, but brokers are buying back in | Evans & Partners bought $10 million worth of shares in Xero this month as one fund manager declared the heavily sold-down sector had “become interesting again”.Chanticleer: Goodman’s billions trigger global soul-searching at Soul Patts | Rates are jumping around, private credit is having a moment and AI is a bit nuts. So where to put another $1.5 billion in this market?Queensland credit risk warning as debt heads towards $216b | Liberal-National Party Treasurer David Janetzki concedes Queensland is at risk of a credit downgrade but insists his budget is careful and responsible.Fetching latest articles