ASX today – The ASX is expected to extend its recent positive run, with the market tipped to open higher today, supported by falling oil prices and a strong overnight session on Wall Street.

The upbeat tone follows the S&P/ASX 200’s finish yesterday, when the benchmark gained 61.50 points, or 0.68%, to close at 9,164.60 and move above its 20-day moving average.

Overnight, Wall Street advanced as major indices climbed, oil prices weakened and technology shares recovered from earlier losses, offering a firmer lead for local trade after a session in which energy costs and overseas sentiment both shaped the broader market mood.

Oil futures fell for a second consecutive day, declining almost six per cent this morning after fresh and aggressive US sanction threats, adding to the focus on commodities that often feed into Australian resource stocks and the inflation outlook.

The S&P was up 7,677.28 points, the Dow 30 climbed to 53,577.40 and the Nasdaq was also higher at 26,151.30 points.

On the domestic front, Federal Resources Minister Madeleine King has welcomed Prime Minister Anthony Albanese’s announcement that Western Australia’s GST share will not change under his leadership.

Speaking on ABC radio, Ms King said the Productivity Commission’s controversial interim report was “so far away” from what might be expected in a final report.

“I reacted with great surprise to what was in the interim report. There’s no kind of halfway house in that report. It was, it was all about winding back the arrangements that the Productivity Commission itself had recommended in 2018 to the government of the day.

“So, I think it’s a very important step that the Prime Minister has taken.”

On the market news front, digital and spatial data advisory and consulting firm Veris (ASX: VRS) reported FY26 revenue of $102.0 million, up 4.9% from FY25.

Financing firm Wisr (ASX: WZR) said it delivered FY26 cash NPAT profitability above guidance.

In the mining sector, Perseus Mining (ASX: PRU) updated its mineral resources and ore reserve estimate, including a 40% increase in proved and probable reserves.

Sandfire (ASX: SFR) reported near-mine exploration success at its MATSA and Motheo hubs, while Duketon Mining (ASX: DKM) has started drilling at the Barlee gold project.

In forex, the Australian dollar is buying US$0.716.

In commodities, iron ore was up 0.06% at $95.40 in Singapore today, Brent crude was down 5.67% at $86.943 per barrel, gold was selling at $4,658.11, and US natgas futures were up 0.50% at $2.7958 per gigajoule.

That’s HotCopper’s Market Open. I’m Colin Sandell-Hay — happy trading.

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