The Australian share market is set to open lower in morning trading after mixed results on Wall Street, with the price of oil plunging more than 9 per cent.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.PinnedKey EventTue 28 Jul 2026 at 7:16amTue 28 Jul 2026 at 7:16amMarket snapshotBy Adelaide MillerASX 200 Futures: -0.3% to 8,818 points Australian dollar: +0.01% to 69.90 US centsWall Street: S&P 500 +0.02%, Dow +0.5% Nasdaq -0.3%Europe: Dax +1.0%, FTSE +0.4%, Eurostoxx +0.02%Spot gold: +1.0% to $US4,092/ounceOil Brent Crude: -9.3% to $US87.78/barrel Iron ore: -0.6% to $US97.60/tonneBitcoin: -0.1% to $US64,839Prices current at around 7:15am AESTCollapse all postsFilter PostsAll4Key Events4Market snapshot1Technology1Key EventTue 28 Jul 2026 at 7:50amTue 28 Jul 2026 at 7:50amTrump tips the balance towards China in trade warBy Adelaide MillerIn just 35 years, Beijing's leaders have plotted a course that has seen China emerge as the undisputed leader of industrial production with almost complete dominance over the refining of nearly every mineral on the planet and in manufacturing.In a world trying to grapple with the best way to wean itself off fossil fuels, China's automotive industry is poised to blow away global competition on electric vehicles following the West's ill-conceived reliance on internal combustion engines.You can read the full report from chief business correspondent Ian Verrender below:Key EventTue 28 Jul 2026 at 7:35amTue 28 Jul 2026 at 7:35amMichele Bullock to speak this afternoonBy Adelaide MillerOn the agenda today is a speech from the governor of the Reserve Bank of Australia Michele Bullock.That is set for 1:05pm AEST at the annual Anika Foundation fundraising lunch in Sydney.With the next RBA meeting about two weeks away, economists and households alike will be listening in to see if she signals another possible rate rise.Key EventTue 28 Jul 2026 at 7:22amTue 28 Jul 2026 at 7:22amASX to open lowerBy Adelaide Miller Good morning everyone and happy Tuesday.Business reporter Adelaide Miller here to guide you through the morning on the markets blog.We'll cover the latest business, finance and economic stories from around the world.To start with, the ASX is set to open lower in morning trading after its strongest close in six weeks yesterday. ASX 200 Futures is pointing down -0.3% to 8,818 points.That's after a mixed close on Wall Street (I will provide a breakdown shortly).But for now, grab yourself an extra large coffee and see you back here soon!