Updated Sep 7, 2026 – 4.26pm, first published at 7.26amKey Posts4.26PM — Sep 7, 2026Copper slips after 10-week rally as Fed rate-hike bets rise4.26PM — Sep 7, 2026ASX inches up as oil rallies; Ingenia soars 15pc3.09PM — Sep 7, 2026NAB says bond yields have not peaked2.55PM — Sep 7, 2026Oil extends gains after US and Iran strike ships2.32PM — Sep 7, 2026Corporate Travel hit fresh14-year low2.20PM — Sep 7, 2026Wildcat’s interest shows Austal is undervalued: CitiGo to latestPinned post – 1.43PM – Sep 7, 2026ASX steady; BHP, Rio rallyReutersThe Australian sharemarket was holding steady on Monday as surging crude prices from escalating Middle East tensions lifted energy stocks, offsetting losses in technology.The S&P/ASX 200 was up just 11 points to 9017.1 around 1.45pm AEST, having trimmed early gains as the technology sector turned deeper into the red. Four of the 11 sectors were trading in the green. The steady performance defied a broad Wall Street sell-off on Friday (Saturday AEST), after strong US employment data fuelled expectations of an imminent Federal Reserve rate increase.Nucleus Wealth chief investment officer Damien Klassen said that the Australian sharemarket was buoyed by extraordinary US profits, driven by big tech investments, and global growth hopes.“It really hangs together on the artificial intelligence trade,” he said. “There are flow-on effects to the rest of the Australian economy, with significant capital expenditure going into data centres and related services like electricians.”“If we’ve got just enough oil that we don’t run into shortages, then the world economy can hang together without tipping over the edge. But, certainly, it’s a dangerous time.”1 / 4Fetching latest articles