The Australian sharemarket is set to open above 8600 points on Wednesday after encouraging news from London where US and Chinese officials are seeking a trade truce.
ASX futures are pointing up 24 points, or 0.3 per cent, to 8620 after the benchmark index reset its record high in the previous session.
Wall Street climbed overnight, pushing the S&P 500 up 0.6 per cent, as Commerce Secretary Howard Lutnick said negotiations with China went well on their second day, and they could extend into a third day. Traders are also awaiting key US inflation data tonight, the last key economic figures before next week’s Federal Reserve meeting.
“Any materially positive or negative trade talk headlines out of London where US and Chinese negotiations remain underway could meaningfully move markets today before focus turns to the critical May CPI release,” said Tom Essaye at The Sevens Report.
Source: https://www.afr.com/markets/equity-markets/asx-poised-to-top-8600-s-and-p-500-edges-higher-20250611-p5m6g3