Australian shares are set to track gains on Wall Street after a surprise jump in consumer confidence and progress on Europe-US trade talks helped spur a revival for risk assets.
Futures are pointing up 50 points or 0.6 per cent, predicting the S&P/ASX 200 Index will come within 1.1 per cent of its all-time high.
On Wall Street, US equities neared a three-month-high in the first session since US President Donald Trump over the weekend agreed to delay a tariff deadline for the EU until July 9. Trump said overnight he was encouraged to hear that European negotiators we
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-wall-st-lifts-on-eu-us-trade-hopes-consumer-data-20250528-p5m2r3