Jul 28, 2026 – 4.02amKey Posts25 mins ago — 4.00AMBefore the Bell: ASX to open lower25 mins ago — 4.00AMGood morningGo to latestPinned post – 4.00AMBefore the Bell: ASX to open lowerTimothy MooreAustralian shares are set to open lower. Oil plunged and tech share were hit by another selling wave in New York.ASX 200 futures were down 39 points or 0.4 per cent to 8802 near 4am AEST. The S&P 500 had slid 0.2 per cent near 2pm in New York,Market highlightsASX 200 futures are pointing down 39 points or 0.4 per cent to 8802.All US prices near 2pm New York time.AUD +0.1% to US69.88¢Bitcoin +0.5% to $US64,945On Wall St: Dow +0.3% S&P -0.2% Nasdaq -0.4%VIX +0.89 to 19.47Gold +0.6% to $US4076.59 an ounceBrent oil -8.1% to $US88.99 a barrelIron ore -0.6% to $US97.60 a tonne10-year yield: US 4.65% Australia 4.99%Top storiesPM launches plan for new oil refinery as fuel crisis bites | Anthony Albanese has dedicated $4 million to a feasibility study into what would be Australia’s first new oil refinery in 60 years.Productivity Commission says three-storey houses should be the norm | The federal government’s economic adviser is pushing for sweeping changes to zoning, density and regulation to increase new housing development.Allan’s erratic fight for self-preservation is her undoing | Jacinta Allan’s defiance on the leadership stakes could confirm why many MPs moved against her – she is willing to blow up the party to save her own skin.ACTU leadership to step down, make way for new generation | Sally McManus and Michele O’Neil are the longest-serving leaders since 1969, but believe a fresh team is needed to deal with new challenges including AI.‘Worst in 30 years’: Housing panic is infecting the economy. Just ask Myer | More bad news from the property market is seeping into the broader economy, as shown by Myer’s recent trading performance. The RBA is stuck between a rock and a hard place.Fetching latest articles