Live: ASX likely to rise despite US launching strikes against Iran

live Markets live: ASX likely to rise despite US launching strikes against Iran The Australian share market is likely to open slightly higher, despite the United States launching missile strikes against Iran. The strikes were in response to Iran shooting down a US Apache helicopter earlier this week and raises doubts about how close both nations are to reaching a peace deal. See how the trading day unfolds on our blog. Disclaimer: this blog is not intended as investment advice. Submit a comment or question Live updates Wed 10 Jun 2026 at 7:59am Market snapshot - ASX futures: +0.1% to 8,622 points - ASX 200 (Tuesday close): -0.24% to 8,604 points - Australian dollar: -0.3% to 70.25 US cents - Wall Street: Dow Jones (+0.2%), S&P 500 (-0.3%), Nasdaq (-1%) - Europe: FTSE (-1.4%), Stoxx 600 (-0.5%) - Spot gold: -1.6% to $US4,260/ounce - Oil (Brent crude): -2.7% at $US91.73/barrel - Iron ore: -0.2% to $US100.95/tonne - Bitcoin: -2.3% to $US62,044 Prices current around 7:30am AEST New: Filters Choose what information you see below by using filters Wed 10 Jun 2026 at 8:13am Markets recap: Alan Kohler's finance report In case you need a refresher before the Australian trading day begins, I can certainly recommend Alan Kohler's finance report. In last night's 7pm News bulletin, Alan talked about the likelihood the United States will have to lift interest rates later this year — despite Donald Trump appointing a new Federal Reserve chair, Kevin Warsh, with explicit instructions to cut rates. He also had an interesting chart comparing the price of gold and "digital gold" (bitcoin), which have both fallen sharply this year. You can watch it here: Loading...Key Event Wed 10 Jun 2026 at 8:02am Fuel shock spurs business uptake of green equipment including batteries and EVs The Iran war and the oil supply squeeze have supercharged the shift in businesses away from diesel towards renewable energy, bank lending data shows. Surging fuel prices have left firms clambering to find alternative energy sources or risk a major squeeze on budgets. At least one of the big four banks said it had seen a surge in business loans to fund renewable energy-related investments and upgrades. Australia's biggest business lender, NAB, said uptake of loans to finance green equipment between March and May this year was almost double the uptake over the same period a year ago. NAB's green program offers discounted finance in partnership with the Clean Energy Finance Corporation. It said electric vehicles (EVs) now dominate the program, with EVs accounting for about half of all assets financed, as businesses reduce exposure to volatile fuel prices and supply disruptions. For more, here's the story by David Taylor: Key Event Wed 10 Jun 2026 at 7:59am ASX expected to rise despite US launching strikes against Iran Good morning, and welcome to the ABC's finance blog. I'll be guiding you through the latest market action for the next few hours. The local share market is expected to start its day slightly higher (with ASX futures up 0.1%), while the Australian dollar is marginally lower at 70.2 US cents. That's despite US forces launching missile strikes against Iran “in response to yesterday’s downing of a US Army Apache helicopter", according to US Central Command. The US retaliation was a "proportional response to unjustified Iranian aggression", Centcom said in an X post, shortly after 7am AEST. But earlier in the week, US President Donald Trump said both countries were in the final stages of a “very, very good deal” that will stop Iran from getting nuclear weapons and fully reopen the Strait “immediately upon signing”. Mr Trump also said the deal could be signed "in two or three days" — claims that he has been repeating throughout the past three months of the war. Market reaction Despite the renewed hostilities between the two warring nations, there was a steep fall in the price of oil — which is normally a sign that traders are expecting the war to end soon. Brent crude futures had fallen 2.1% to $US92.25 a barrel by 8am AEST. The US strikes against Iran happened after Wall Street has finished trading (with mixed results). While the Dow Jones rose slightly by 0.2%, the S&P 500 slipped by 0.3% while the tech-heavy Nasdaq Composite dropped 1%. Essentially, investors took profits by 'selling down' their high-flying tech and AI stocks and 'rotating' their money into more defensive sectors like real estate, utilities .and healthcare — which haven't risen anywhere near as much in the past few months. Spot gold, meanwhile, has dropped 1.5% to $US4,263 an ounce. In the meantime, go grab a coffee, tea or brekky! I'll have more updates for you shortly.