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Live: ASX set to open higher as budget in focus
Key takeaways
- Oil prices also rose after another setback in efforts to end the US-Iran war, keeping concerns about the Strait of Hormuz, fuel costs and inflation in focus.
- Locally, the federal budget looms, with investor awaiting news on tax changes.
- Follow the day's financial news and insights from our specialist business reporters on our live blog.
Why this matters: an international story with cross-border implications worth tracking.
Link copied Share Share article Australian shares are set to open higher after Wall Street edged to fresh records, with the S&P 500 notching another closing high as chipmakers rallied, even though most stocks in the index fell.
Oil prices also rose after another setback in efforts to end the US-Iran war, keeping concerns about the Strait of Hormuz, fuel costs and inflation in focus.
Locally, the federal budget looms, with investor awaiting news on tax changes.
Article preview — originally published by ABC Australia. Full story at the source.
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