ASX to rise, Nasdaq resets record as techs surge

Australian shares are set to rise 1 per cent at the open on Thursday, tracking similar strong gains in New York as investors reacted to heightening prospects of a peace agreement between the US and Iran.

Oil briefly plunged below $US100 a barrel, while gold and silver surged. The yield on the US 10-year note tumbled 8 basis points to 4.35 per cent.

Source: https://www.afr.com/markets/equity-markets/asx-to-jump-as-wall-st-hits-new-highs-oil-pares-losses-20260507-p5zuhm