Live: ASX set to tumble despite Wall St rallying on Amazon earnings

live Markets live updates: ASX set to tumble despite Wall St rallying on Amazon earnings AI stocks have regained their lustre on Wall Street, driving all the key indices higher, with Amazon shares surging 15 per cent on a surge in cloud computing revenues. Locally, the ASX is priced for a sharp decline of about 1 per cent this morning. Follow the day's financial news and insights from our specialist business reporters on our live blog. Disclaimer: this blog is not intended as investment advice. Submit a comment or question Live updates Mon 3 Aug 2026 at 6:56am Market snapshot - ASX 200 futures: -1.0% to 8,858 points - ASX 200 (Friday): +0.1% to 8,977 points - Australian dollar: +0.3% to 70.45 US cents - Wall Street: S&P 500 +0.7%, Dow +0.5% Nasdaq +1.0% - Europe (Friday): Dax +0.1%, FTSE -0.3%, Eurostoxx 600 -0.1% - Spot gold: -1.5% to $US4,041/ounce - Oil: Brent futures +1.2% to $US90.12/barrel, WTI futures +1.3% to $US84.67/barrel - Iron ore (Friday): +0.2% to $US95.80/tonne - Copper (LME): +1.6% to $US13,799/tonne - Bitcoin: +1.3% to $US63,415 Prices current at around 7:00am AEST New: Filters Choose what information you see below by using filters Mon 3 Aug 2026 at 6:57am Good morning Good morning and welcome to another day on the ABC markets and finance blog. Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice. Wall Street closed the week and month with a strong final session, supported by a 15% jump in Amazon shares. The ASX doesn't look like following suit. When trading closed on Saturday morning, ASX 200 futures pointed to a sharp 1% fall this morning. As always, the game's afoot, so let's get blogging. Loading [Image text:] ASX STOCK BID OFFER LAST VOL HIGHTECH METAL 0.205 0.255 10.000 HIGHFIELDRESOU 0.185 0.205 0.195 HILLGROVERESOI 0.035 0.036 0.035 IANGES GROUP 0.965 0.970 0.970 0.000 0.050 0.000