Wall Street braces as US interest rate futures indicate higher odds of a supersized Fed move. US two-year Treasury yields hit their lowest level since September 2022. Technology stocks were under significant pressure last night, with Apple being the worst performer on the Dow Jones, as its shares fell due to signs of soft demand for the new iPhone 16. In commodities, Goldman Sachs cut its iron ore forecast, while oil prices surged due to hurricane impacts. Locally, Aussie shares are poised to reach a record high.

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