ASX 200 Futures Slip Amid Rising Geopolitical Tensions and Wall Street Decline
June 10, 2026, 2:36 PM EDT. Australian shares are set to open lower with ASX 200 futures down 0.3% to 8640, following a 0.9% drop in the S&P 500 amid escalating US-Iran war rhetoric. Oil prices surged 3.2% to $94.37 a barrel as President Trump threatened a strong response to Iran. Tech stocks weighed on markets despite Apple rebounding 1%. SpaceX's heavily oversubscribed IPO, debuting Friday, is pressuring US equities as fund managers prepare to acquire shares for inclusion in major indexes. Key indicators include a 0.2% fall in the AUD to 70.18 US cents and gold dropping 3.6%. Market focus turns to June Australian inflation expectations and potential European Central Bank interest rate hikes amid persistent energy price inflation.
