Australian shares are set to edge lower after New York shook off some mid-session nerves with both the S&P 500 and Nasdaq Composite resetting the closing record highs.
ASX 200 futures are pointing down 6 points, or 0.1 per cent, to 8531. The S&P 500 finished its session and quarter at 6204.95. The benchmark has surged 25 per cent from its early April low.
The biggest US banks were higher after passing the Federal Reserve’s annual stress test, setting the stage for payouts. Hewlett Packard Enterprise rose 11 per cent, the most in the S&P 500, after the US Department of Justice settled its lawsuit challenging the firm’s takeover of Juniper Networks.
Source: https://www.afr.com/markets/equity-markets/asx-to-slip-wall-st-edges-higher-20250701-p5mbhz