ASX to rise, $A surges to 2023 high, Ampol refiner margins soar

Australian shares are set to open higher, extending their rally from Tuesday. The S&P 500 reset its record high in morning trade in New York as tech stocks pressed higher before a raft of earnings releases this week.

The benchmark index reset its record high at 6988.82, then slightly pared its advance. Information technology paced nine of the S&P 500’s industry sectors higher. Health care stocks were the biggest losers.

Source: https://www.afr.com/markets/equity-markets/asx-to-rise-a-surges-as-greenback-extends-slide-20260128-p5nxi3