Jul 3, 2026 – 4.41amKey Posts11 mins ago — 4.39AMBefore the Bell: ASX to edge higher19 mins ago — 4.30AMPrivate credit traps billions to outlast storm20 mins ago — 4.30AMTesla shares tumble as deliveries rebound20 mins ago — 4.30AMTwo Blue Owl funds impose redemption caps20 mins ago — 4.30AMGood morningGo to latestPinned post – 4.39AMBefore the Bell: ASX to edge higherTimothy MooreAustralian shares are set to open modestly higher.ASX 200 futures were up 13 points or 0.2 per cent to 8723 near 4.30am AEST. The S&P 500 reversed earlier gains to trade 0.3 per cent lower at 2.30pm in New York, dragged down by losses in information technology and communication services.Sandisk, KLA, Lam Research, Marvell Technology, Applied Materials, Seagate Technology and Western Digital each fell more than 15 per cent as investors accelerated their exit from some of the last quarter’s highest flyers. A key semiconductor index shed more than 6 per cent.Seven of the S&P 500’s industry sectors were higher, paced by health care and consumer staples.The Dow Jones advanced 0.7 per cent, bolstered by a more than 4 per cent rise in Apple. Twenty-two of its components were in the green.Market highlightsASX 200 futures are pointing up 13 points or 0.2 per cent to 8723.All US prices near 2.30pm New York time.AUD +0.4% to US69.20¢Bitcoin +2.7% to $US61,767On Wall St: Dow +0.7% S&P -0.3% Nasdaq -1.1%VIX +0.3 to 16.89Gold +2.1% to $US4116.86 an ounceBrent oil -0.1% to $US71.51 a barrelIron ore +0.9% to $US98.45 a tonne10-year yield: US 4.48% Australia 4.82%Today’s agendaFriday is poised to be a quiet day with a report on NZ consumer confidence the sole local data print.US markets will be closed on Friday (Saturday AEST) for the July 4th national day. Top storiesPM lauds Hastie, taunts Taylor and claims victory on the budget | Anthony Albanese granted himself licence to rib his rival over his oration after the Coalition asked him a question in parliament about the Midwinter Ball.Chalmers ‘moves the goalposts’ on foreign investors | Business groups say the new tax rules for foreign investors will cut against government priorities in energy, housing and infrastructure.The ‘manufacturers v big gas’ narrative doesn’t stack up | As manufacturers demand the gas reserve scheme delivers them cheap fuel, some producers are fighting back on the widely argued view that they hold all the power.Chanticleer: Did Zuck just punch a hole in the AI bubble – and Firmus’ grand plans? | Having told us there wasn’t enough computing power in the world for the AI boom, Meta Platforms is suddenly looking at selling excess capacity.Fetching latest articles