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ASX set to slide, Wall Street retreats as oil rises on Hormuz uncertainty; CBA results ahead
Australia📈 EconomyCenter18 days ago

ASX set to slide, Wall Street retreats as oil rises on Hormuz uncertainty; CBA results ahead

Global financial markets experienced volatility as concerns over the ongoing conflict with Iran and the potential resumption of oil flows through the Strait of Hormuz continued to weigh on investor sentiment. US stock indices, including the S&P 500, Dow Jones, and Nasdaq, declined slightly, reflecting broader market unease. Oil prices fluctuated significantly, reaching above $90 per barrel before retreating to around $88.71, driven by uncertainty surrounding the reopening of the critical shipping channel. The Australian sharemarket, represented by the ASX, was expected to fall, with traders closely watching Commonwealth Bank's earnings report. Rising oil prices contributed to increased inflationary pressures, pushing the average cost of gasoline in the US to $4.01, prompting anticipation for the upcoming US inflation data release. Market participants remain divided on whether the Federal Reserve will raise interest rates in September, with implications for both economic growth and investment returns.

Wall Street edged closer to its record high on Wednesday as artificial intelligence-related stocks surged after posting better-than-expected earnings, while a slight moderation in US inflation figures offered investors some relief. The S&P 500 gained 0.3 per cent, marking its first rise since hitting its all-time high on Friday. The Dow Jones Industrial Average edged down marginally by less than 0.1 per cent, while the Nasdaq Composite climbed 0.5 per cent. Companies such as Nvidia and Super Micro Computer led the charge, reflecting ongoing corporate spending on AI infrastructure. Treasury yields declined following the release of the inflation data, which showed a slower pace of price increases than previously feared. The resurgence in AI stocks followed a period of volatility, during which concerns had mounted that valuations had become inflated. Strong earnings reports from firms like Super Micro Computer and CoreWeave, both of which provide essential components for AI systems, reassured investors. Super Micro Computer saw its shares jump 19.6 per cent after reporting earnings per share that were 84 per cent higher than analysts anticipated. Its projections for future profitability and revenue also exceeded expectations. CoreWeave, a provider of cloud-based AI computing resources, rose 19 per cent after delivering better-than-forecast revenue and a smaller-than-anticipated loss. CEO Michael Intrator noted that demand for AI services is growing rapidly as major corporations accelerate their adoption of the technology. The performance of these AI-focused firms benefited from the broader economic environment, including the easing of bond yields. The US consumer price index for July showed a year-over-year increase of 3.4 per cent, down from 3.5 per cent in June. This slight improvement in inflation metrics allowed traders to reconsider their positions regarding potential interest rate hikes by the Federal Reserve. The probability of a rate increase at the central bank’s next meeting in September dropped to 40 per cent, down from a 50-50 chance the previous day, according to data from the Chicago Mercantile Exchange. The 10-year Treasury yield fell to 4.68 per cent from 4.70 per cent, although it remained significantly higher than the 3.97 per cent recorded prior to the conflict with Iran, which had driven oil prices upward and fueled inflation fears. Oil prices fluctuated throughout the day, with Brent crude ending the session at $88.74 per barrel, down 0.2 per cent. The uncertainty surrounding the reopening of the Strait of Hormuz continues to influence energy markets, with oil prices having ranged widely in recent months. Meanwhile, the Australian share market faces a downturn, with futures indicating a possible opening decline of 0.2 per cent. The ASX 200 closed at 9,209 points on Wednesday, down 0.4 per cent. The Australian dollar held steady at 70.62 US cents against the greenback. Domestic investors are bracing for a series of corporate earnings reports, including those from major players like Telstra, IAG, and the ASX itself. IAG, one of Australia’s largest insurers, reported a 25 per cent drop in annual net profit to $1.02 billion, despite a 15 per cent increase in revenue to $21.3 billion. The company attributed the decline to elevated costs related to natural disasters. Despite the profit drop, IAG raised its full-year dividend slightly to 32 cents per share from 31 cents in the previous fiscal year. The International Energy Agency warned that the global oil market is experiencing a shortage of 1.8 million barrels per day, exacerbated by disruptions in the Middle East and elsewhere. These issues have contributed to persistent volatility in oil prices and have complicated efforts to control inflation. The IEA noted that global oil supply is projected to fall by 4.3 million barrels per day this year, even as demand declines by 1.6 million barrels per day. The situation highlights the complex interplay between geopolitical tensions, energy markets, and macroeconomic indicators. The Australian market is also influenced by domestic factors, with Commonwealth Bank preparing to release its quarterly results amid a backdrop of global uncertainty. Traders are closely watching how the bank performs, given its significance in the local financial landscape. As the week progresses, the focus will shift to how these developments affect investor sentiment and market direction.

10 reports

The Age logoThe AgeIndependentCenterFactual 85Objective 9524 days ago
ASX set to edge up, Wall Street dips as oil advances; SpaceX share lockup expires

On August 7, 2026, Wall Street saw stocks decline slightly as oil prices increased due to ongoing tensions between the U.S. and Iran, which impacted global oil flows. The S&P 500 dropped 0.1%, while the Dow Jones fell 0.7%. Meanwhile, the Australian sharemarket (ASX) is expected to rise, setting a new record high. Major companies like Warner Bros. Discovery and Molson Coors reported positive earnings, while others such as Honeywell Aerospace and AppLovin faced significant declines. SpaceX shares rose 1.5% as a large block of shares became available for sale following the expiration of a lockup period. Oil prices climbed 3.9% to $82.55 per barrel amid uncertainty over the potential reopening of the Strait of Hormuz.

Bias read (Center): The article presents a balanced overview of both Wall Street and ASX movements, covering multiple sectors and companies without overtly favoring any particular political ideology. It reports on economic indicators, corporate earnings, and geopolitical factors affecting oil prices without taking a鲜明的

Why factuality (85): The article discusses stock market movements and does not mention KPMG layoffs, so it is not relevant to the primary source document. However, it accurately reports on financial market conditions.

Why objectivity (95): The article maintains a neutral tone, presenting facts about stock market performance without bias or opinion.

ABC News (Australia) logoABC News (Australia)State / PublicCenterFactual 85Objective 9528 days ago
Live: ASX down despite Wall St rallying on Amazon earnings

The article reports on global financial market movements, noting that U.S. artificial intelligence stocks rose sharply following strong cloud computing revenue results from Amazon, contributing to gains in major U.S. indices. Meanwhile, the Australian Securities Exchange (ASX) declined slightly, though less than expected. The article also covers the yen's sharp rise against the U.S. dollar due to coordinated intervention by Japan and the U.S., raising concerns about potential future volatility. Additionally, it mentions falling oil prices and the Australian dollar's mixed performance against other currencies.

Bias read (Center): The article presents balanced reporting on financial market trends without overt ideological slant. It includes data from multiple regions (U.S., Australia, Europe) and quotes market analysts without favoring any particular political agenda. The tone remains neutral, focusing on factual economic and

Why factuality (85): This article discusses unrelated financial market movements and does not mention KPMG layoffs, so it cannot be judged on factual accuracy related to the event. However, the information presented about stock indices and currency exchange rates appears accurate based on typical financial reporting sta

Why objectivity (95): The article maintains a neutral tone, presenting factual market data without opinion or bias. It clearly states it is not investment advice and provides straightforward market snapshots.

The Age logoThe AgeIndependentCenterFactual 85Objective 7818 days ago
ASX set to slide, Wall Street boosted by AI stocks, inflation report

On August 13, 2026, Wall Street saw modest gains as AI stocks like Nvidia and Super Micro Computer outperformed analyst expectations, driven by increased corporate spending on AI infrastructure. The S&P 500 rose 0.3%, while the Nasdaq gained 0.5%. Treasury yields declined following a report showing U.S. inflation remained elevated but slightly improved compared to previous months. Meanwhile, the Australian sharemarket (ASX) was projected to decline, with futures indicating a potential drop of 0.2% at the open. CoreWeave, an AI cloud computing provider, surged 19% after exceeding earnings expectations, highlighting ongoing investor optimism about AI adoption despite recent volatility.

Bias read (Center): The article presents balanced coverage of both U.S. and Australian financial markets without overtly favoring any political ideology. It reports on economic indicators, stock performance, and central bank considerations without taking a clear ideological stance. The framing remains neutral, focusing

Why factuality (85): The article provides factual information based on market performance and company reports, aligning with typical financial news content. It references specific stock movements and economic indicators, though it does not cite a primary source document. The information appears consistent with cross-sou

Why objectivity (78): The tone is generally neutral but leans slightly towards highlighting positive outcomes for AI stocks, which may reflect a bias toward technological innovation. The article presents market data objectively but uses emotionally charged language such as 'reignited' and 'accelerating demand', which cou

The Sydney Morning Herald logoThe Sydney Morning HeraldIndependentCenterFactual 80Objective 9024 days ago
ASX set to edge up, Wall Street dips as oil advances; SpaceX share lockup expires

On August 7, 2026, Wall Street experienced mixed performance with the S&P 500 falling 0.1% and the Dow Jones dropping 0.7%, while the ASX in Australia is expected to rise slightly. Corporate earnings reports showed a mix of results, with some companies like Warner Bros. Discovery and Molson Coors outperforming expectations, while others such as Honeywell Aerospace and AppLovin underperformed. Meanwhile, SpaceX shares increased after a lockup period expired, allowing early investors to sell. Oil prices rose due to ongoing tensions between the U.S. and Iran affecting global oil flows, with Brent crude reaching $82.55.

Bias read (Center): The article presents a balanced overview of market movements, corporate earnings, and geopolitical factors influencing oil prices. It does not take a clear ideological stance on economic policies or political issues, focusing instead on factual reporting of financial data and market trends.

Why factuality (80): This article focuses on unrelated financial market developments and does not discuss KPMG layoffs. While the content is accurate within its scope, it lacks relevance to the specific event being evaluated.

Why objectivity (90): The article maintains a neutral tone throughout, presenting factual market data without opinion or bias. It provides standard financial reporting on various companies' performance.

ABC News (Australia) logoABC News (Australia)State / PublicCenterFactual 80Objective 9027 days ago
Live: ASX to open higher as Wall Street rallies

The Australian stock market is expected to open higher in early morning trading, influenced by gains on Wall Street. While U.S. indices like the S&P 500 and Nasdaq rose by over 1%, oil prices fell sharply, with Brent crude dropping below $84 per barrel. The ASX 200 futures opened at 8,974 points, up 0.1%. Meanwhile, the Australian dollar strengthened slightly to 70 US cents. The article provides a brief overview of global market movements and highlights the contrasting performance of different asset classes.

Bias read (Center): The article presents market data objectively, focusing on financial indicators without taking a clear ideological stance. It reports on both rising and falling markets without emphasizing any particular perspective, maintaining a balanced tone.

Why factuality (80): The article focuses on financial market updates and does not address the KPMG layoffs mentioned in the primary source document. It provides accurate information about market indices and currency values.

Why objectivity (90): The article remains objective in its reporting, providing factual updates on market performance without taking sides or using emotive language.

The Sydney Morning Herald logoThe Sydney Morning HeraldIndependentCenterFactual 75Objective 8018 days ago
ASX set to slide, Wall Street boosted by AI stocks, inflation report

The article discusses recent developments in global financial markets, focusing on Wall Street's performance and the Australian stock exchange (ASX). Wall Street saw a slight rise as AI-related stocks, such as Nvidia and Super Micro Computer, performed well due to stronger-than-expected earnings and optimistic outlooks for future growth. This resurgence in AI stocks followed concerns that they had previously become overvalued. Meanwhile, the ASX is expected to decline, with early indicators suggesting a drop of around 0.2%. Inflation data showed a slight decrease compared to previous months, which may influence the Federal Reserve's decisions regarding interest rates.

Bias read (Center): The article focuses on economic indicators and market trends related to AI stocks and inflation, without taking a clear stance or showing bias toward any political ideology. It presents factual information about market movements and economic data without editorializing or emphasizing particular政治观点.

Why factuality (75): The article accurately reports on Wall Street performance, mentioning specific stock indices and companies like Nvidia and Super Micro Computer. It references an inflation report and mentions Treasury yields easing. However, it lacks detailed information on the exact inflation figures or broader eco

Why objectivity (80): The tone is neutral and factual, presenting both Wall Street gains and the Australian market's expected decline. There is no overt bias or emotional language, maintaining a balanced perspective.

The Age logoThe AgeIndependentCenterFactual 70Objective 8519 days ago
ASX set to slide, Wall Street retreats as oil rises on Hormuz uncertainty; CBA results ahead

Global financial markets experienced volatility as concerns over the ongoing conflict with Iran and the potential resumption of oil flows through the Strait of Hormuz continued to impact investor sentiment. US stock indices, including the S&P 500, Dow Jones, and Nasdaq, declined slightly, reflecting broader market unease. Oil prices fluctuated significantly, reaching above $90 per barrel before retreating to around $88.71, driven by uncertainty surrounding the reopening of the strategic waterway. In Australia, the ASX is expected to fall, with traders closely watching Commonwealth Bank's earnings report. Rising oil prices have contributed to increased inflationary pressures, pushing the average price of gasoline in the US to $4.01, prompting anticipation for the upcoming US inflation data release. Market participants are divided on whether the Federal Reserve will raise interest rates in September, with implications for both economic growth and investment returns.

Bias read (Center): The article presents a balanced overview of global financial developments without overtly favoring any particular political ideology. It reports on market reactions to geopolitical tensions and economic indicators without taking a clear stance on policy outcomes or ideological positions. The focus在于

Why factuality (70): This article provides details on oil price fluctuations due to Hormuz uncertainty and mentions the impact on inflation. While it aligns with the cross-source consensus on oil prices and inflation expectations, it cuts off mid-sentence, reducing the completeness of the factual information presented.

Why objectivity (85): The article presents information objectively, focusing on market movements and external factors like oil prices. There is no clear editorializing or emotional language, keeping the tone neutral.

The Sydney Morning Herald logoThe Sydney Morning HeraldIndependentCenterFactual 70Objective 8519 days ago
ASX set to slide, Wall Street retreats as oil rises on Hormuz uncertainty; CBA results ahead

Global financial markets experienced volatility as concerns over the ongoing conflict with Iran and the potential resumption of oil flows through the Strait of Hormuz continued to weigh on investor sentiment. US stock indices, including the S&P 500, Dow Jones, and Nasdaq, declined slightly, reflecting broader market unease. Oil prices fluctuated significantly, reaching above $90 per barrel before retreating to around $88.71, driven by uncertainty surrounding the reopening of the critical shipping channel. The Australian sharemarket, represented by the ASX, was expected to fall, with traders closely watching Commonwealth Bank's earnings report. Rising oil prices contributed to increased inflationary pressures, pushing the average cost of gasoline in the US to $4.01, prompting anticipation for the upcoming US inflation data release. Market participants remain divided on whether the Federal Reserve will raise interest rates in September, with implications for both economic growth and investment returns.

Bias read (Center): The article presents a balanced overview of global financial developments without overtly favoring any particular political ideology. It reports on market reactions to geopolitical tensions and economic indicators without taking a clear stance on policy outcomes or ideological positions. The focus在于

Why factuality (70): Similar to Article 1, this article covers oil price volatility and inflation expectations but also includes a partial sentence. It aligns with the cross-source consensus on market trends and oil prices but lacks complete information on broader economic indicators.

Why objectivity (85): The tone remains neutral, discussing market conditions and external influences without injecting personal opinion or bias. It maintains a balanced approach to reporting.

The Age logoThe AgeIndependentCenterFactual 50Objective 8527 days ago
ASX set for flat start, Wall Street rallies on falling oil prices; Amazon hits $US3tr valuation, Boeing jumps

US stocks opened strongly on Monday as declining oil prices eased concerns about inflation, leading the S&P 500 to rise 1.5% and approach its all-time high. The Dow Jones gained 1.3%, and the Nasdaq surged 2.1%. Meanwhile, the Australian sharemarket is expected to open lower, with futures indicating a slight decline. Oil prices dropped 5% to $83.52 per barrel, influenced by President Trump's decision to halt potential strikes against Iran, reducing fears of disrupted oil supplies. Lower oil prices benefited energy-related sectors, with airlines like United and American Airlines rising over 5%, and Boeing gaining 8% after regulatory approval for its 737 MAX-7 aircraft. Amazon hit a record $3 trillion valuation, closing up 4.6%, while Tyson Foods rose 2.9% due to better-than-expected profits.

Bias read (Center): The article presents a balanced overview of market movements without overtly favoring any political ideology. It reports on economic indicators, corporate performance, and geopolitical factors affecting financial markets without taking a clear ideological stance. The focus is on factual developments

Why factuality (50): Similar to Article 0, this article covers US and Australian stock market performance and oil prices but omits any reference to the KPMG audit scandal or job cuts. As such, it does not align with the primary source document and fails to address the core event being assessed.

Why objectivity (85): The article maintains a neutral tone, reporting on financial data without expressing personal opinions or biases. It presents facts about market movements objectively.

The Sydney Morning Herald logoThe Sydney Morning HeraldIndependentCenterFactual 50Objective 8527 days ago
ASX set for flat start, Wall Street rallies on falling oil prices; Amazon hits $US3tr valuation, Boeing jumps

On August 4, 2026, US stocks opened strongly as falling oil prices eased concerns about inflation, leading the S&P 500 to rise 1.5% and approach its all-time high. The Dow Jones gained 1.3%, and the Nasdaq surged 2.1%. Oil prices dropped 5% to $83.52 per barrel, reflecting reduced fears of disrupted Persian Gulf oil flows after President Trump delayed military action against Iran. In contrast, the Australian sharemarket was expected to open lower, with ASX futures indicating a potential 1-point decline. Companies like United Airlines, American Airlines, and Boeing saw significant gains, with Boeing rising 8% after regulatory approval for its 737 MAX-7 aircraft. Amazon hit a record $3 trillion valuation, closing up 4.6%, while Tyson Foods increased 2.9% due to better-than-expected profits.

Bias read (Center): The article presents a balanced overview of both US and Australian financial markets without overtly favoring any political ideology. It reports on economic indicators such as oil prices, stock market performance, and corporate earnings without taking a clear stance on political issues. The focus is

Why factuality (50): This article discusses the performance of US and Australian stock markets, focusing on Wall Street's rally and oil price movements. It does not mention the KPMG layoffs or audit misconduct scandal referenced in the primary source document. Therefore, it lacks alignment with the primary source and pr

Why objectivity (85): The tone is neutral and informative, presenting market data without emotional language or bias. It focuses on financial trends and avoids taking sides on political or corporate issues.

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