Updated Jul 15, 2026 – 5.02am, first published at 5.01amKey Posts11 mins ago — 4.53AMBond traders abruptly reverse bets on Fed rate hike13 mins ago — 4.52AMBefore the Bell: ASX to rise as US bank earnings drive market higherGo to latestPinned post – 4.52AMBefore the Bell: ASX to rise as US bank earnings drive market higherNatasha RudraAustralian shares are set to rise as US bank earnings soared and investors rode a wave of uncertainty and fear to set records. US consumer prices declined in June for the first time in six years, taking some pressure off the Federal Reserve to raise interest rates.ASX 200 futures were up 48 points or +0.5% to 8816.Oil prices edged up to a one-month high.JPMorgan reeled in $US6 billion from stocks alone, a personal best, while Goldman Sachs hauled in $US7.42 billion, a new industry high. Underscoring the trend, a 45 per cent jump at Citigroup was seen by shareholders as too shallow.“The markets are booming right now,” JPMorgan Chief Executive Officer Jamie Dimon said after posting record numbers. “It’s getting as close to as good as it gets. We just don’t know how long it’s going to last.”Market highlightsASX 200 futures are pointing up 48 points or +0.5% to 8816.AUD +0.8 % to 69.76US¢Bitcoin +4.3% to $US64,501.79On Wall St: Dow +0.4% S&P +1.1% Nasdaq -0.2%VIX down 0.67 to 16.49Gold +1.5% to $US4060.78 an ounceBrent oil +1.1% to $US84.22 a barrelIron ore +1.6% to $US100.05 a tonne10-year yield: US 4.58% Australia 4.91%Today’s agendaMorgan Stanley and Blackrock are due to report today; China GDP is out. Top storiesAlbanese seizes control of AI agenda in major policy pivot | The prime minister is installing a new “Office of AI” inside his department in a move that reflects the scale of disruption the technology is causing.Trump-Iran volatility to stretch until the midterms, Labor fears | The Albanese government is worried the instability in the Persian Gulf will continue to fuel inflation and harm consumer and business confidence.KPMG prepares to cut hundreds of staff amid leaks scandal | Two sources close to the firm said the number of redundancies could exceed 1000 while some partners expect pay cuts of up to 20 per cent.Fetching latest articles