ASX to open lower following moves on Wall St as the price of oil drops, live updates

The Aussie share market is set to open lower in morning trading, as Wall Street closes up in the red.

Meanwhile, the price of oil has dropped.

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.

Thu 2 Jul 2026 at 7:18am

Market snapshot

  • ASX 200 Futures: -0.2% to 8,693 points 
  • Australian dollar: +0.1% to 68.94 US cents
  • Wall Street: S&P500 -0.2%, Dow -0.03%, Nasdaq -1.5%
  • Europe: FTSE -0.2%
  • Spot gold: +0.6% to $US4,030/ounce
  • Oil: -2.5% to $US71.16/barrel
  • Iron ore: -1.1% to $US97.90/tonne
  • Bitcoin: +0.6% to $US60,426

Prices current at around 7:15am AEST

Thu 2 Jul 2026 at 7:45am

ICYMI: Wednesday Finance with Alan Kohler

The local share market fell yesterday, despite solid gains on Wall Street overnight.

Alan Kohler has all the details.

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Thu 2 Jul 2026 at 7:30am

ASX to open lower

Good morning everyone and happy Thursday!

I hope it’s a sunny morning wherever you are.

Business reporter Adelaide Miller kicking off the finance blog this morning, covering the latest stories on the economy.

To start with, the ASX looks like it will open lower this morning, with Futures pointing down -0.3% to 8687 points.

The Aussie dollar is trading at about 69 US cents.

I’ll provide a detailed breakdown of Wall St soon as it closes in the red.

But for now, grab yourself a coffee and see you back here soon!

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