ASX to slip; oil falls 4pc on easing Iran tensions

Australian shares are poised to open modestly lower. In New York, shares were higher, paced by Goldman Sachs and a renewed artificial intelligence trade. Oil tumbled more than 4 per cent after US President Donald Trump tempered his threat to attack Iran.

The S&P 500 was up 0.2 per cent near 3.20pm, fading some of its earlier advance as the session progressed.

Source: https://www.afr.com/markets/equity-markets/asx-to-dip-dow-jones-rallies-on-goldman-nvidia-20260116-p5nugx