Wall Street up overnight. A strong outlook by Oracle refuelled AI optimism, countering the negativity weighing on the indices by tensions in the Middle East and a sharp drop in Boeing shares. S&P 500 up 0.38%, NASDAQ up 0.24%. Dow dropped at the open but recovered steadily throughout the day to end three points off the high. Finished up 102 points. Most sectors positive. Cyclicals and Industrials the exceptions, the former dragged down by Tesla (-2.2%), as rival BYD launched cheapest UK model, vying for dominance in another of Tesla’s regions. Utilities up over 1%, benefitting from bond yields easing, while REITS was up over 0.5%. Healthcare and Materials also demonstrated strength.

ASX to rise. SPI futures up 48 points (+0.56%). DBI sell down - Gold up - NEM up 4.9%

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