Welcome to our live coverage of the ASX for Friday, April 24. Expect a surge of updates prior to the market opening, followed by periodic updates throughout the day. This blog will conclude around 2:00 pm AEST. Your feedback is valuable to us; let us know how we can improve!.
Good Morning!
[8:30 am] ASX 200 futures have dipped by 4 points (-0.03%) as of 8:30 am AEST.
Here’s a brief overview of the overnight action:
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US markets experienced declines but recovered from their lowest points, with the S&P 500 down by 0.41% after falling as much as 1.28% during the session.
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Defensive sectors performed robustly, including Utilities, Industrials, Staples, and Real Estate, all gaining at least 1%.
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News related to Iran dominated headlines, featuring uncertainty surrounding Iranian leadership, ongoing threats from Trump, and worries regarding potential new Iranian mines in strategically important waterways.
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Brent crude oil prices rose by 4.4% to US$106.02, marking the highest level since April 7. This reflects a significant 13% increase over the past three sessions.
