ASX briefings — Wednesday 5 August 2026

ASX 200 set to open 0.25% higher as Brent sinks 5.86% and Wall Street sets records

SPI futures point the S&P/ASX 200 to open 23 points or 0.25% higher near 9,169 on 5 August 2026. Brent crude fell 5.86% to US$78.86 on US and Qatari signals that a Strait of Hormuz reopening deal could come within days, taking its two session fall to 12.5%. The S&P 500 closed at a record 7,736.52 and the Dow at a record 54,085.88, with Palantir PLTR.US up 29.45% on a 93% revenue rise. Cheaper crude cut September Fed hike odds to 57% and the US 10 year yield to 4.63%.