Live: ASX set to open higher

The Australian share market is set to open higher in morning trading after Wall Street saw mixed results across exchanges.

Meanwhile, the price of oil is trading higher as tensions in the Middle East continue.

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.

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Fri 26 Jun 2026 at 7:11am

Fri 26 Jun 2026 at 7:11am

Market snapshot

By Adelaide Miller

ASX 200 Futures: +0.2% to 8,762 points

Australian dollar: +0.03% to 69.10 US cents

Wall Street: S&P 500 -0.01%, Dow +0.1%, Nasdaq +0.8%

Europe: Dax +1.0%, FTSE +0.7%, Eurostoxx +0.8%

Spot gold:  +0.6% to $US4,026/ounce

Oil: Brent +1.3% to $US74.67/barrel

Iron ore: -0.7% to $US97.70/tonne

Bitcoin: +0.2% at $US59,466

Prices current at around 7:10am AEST

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Fri 26 Jun 2026 at 8:45am

Fri 26 Jun 2026 at 8:45am

JPMorgan reshapes Jamie Dimon succession race with executive shuffle

By Adelaide Miller

The race at JPMorgan to eventually succeed long time CEO Jamie Dimon has been reshaped, as the bank elevated insiders Doug Petno and Troy Rohrbaugh to co-presidents while announcing the retirement of senior executive Marianne Lake, who Wall Street saw as a top contender.

The leadership changes narrow the field of potential successors to Dimon, who, after two decades at the helm, wields unparalleled influence on Wall Street.

His views on the economy, regulation and financial markets are closely watched by investors and policymakers alike.

The question of Dimon's eventual successor has for years been one of the most discussed transition sagas in corporate America, particularly as there is no clear timeline on Dimon's departure.

JPMorgan said Rohrbaugh will become CEO of consumer and community banking, replacing Lake, who will retire after more than 25 years with the lender.

Petno will become CEO of the commercial and investment bank. Both were previously co-CEOs of the commercial and investment bank.

The bank also awarded Petno and Rohrbaugh one-time retention bonuses of $US30 million each, while Jennifer Piepszak, chief operating officer, and Mary Erdoes, CEO of asset and wealth management, each received $US20 million.

"In the short term, Petno has a slight edge because he is more experienced and better known to the investors, but Rohrbaugh is being given the consumer business, which gives him a wider range of experience — so it is possible they are grooming him for a bigger role in the next three years or so," says Wells Fargo analyst Mike Mayo.

JPMorgan shares were up +1.5% in midday trading, and closed at $US335.12 a share on Thursday afternoon US time.

Key Event

Fri 26 Jun 2026 at 8:30am

Fri 26 Jun 2026 at 8:30am

The detail on Wall Street

By Adelaide Miller

Given we know Thursday trading in the US was "volatile" and "choppy", let's zoom in and look at the numbers across each of the major exchanges.

The S&P 500 finished the day practically flat, down slightly -0.01% to 7,357 points.

At the top was Sandisk Corp, up nearly +22%. It's a major player in AI infrastructure needs, providing memory cards and flash drives.

Down the bottom was Apple, down -6.1%, after announcing price increases for some of its major products.

The Dow Jones Industrial Average finished the trading day up +0.1% to 51,921 points, driven by Healthcare and Industrials.

At the top was construction, mining, and engineering equipment manufacturer Caterpillar Inc, up +6.3%.

Down the bottom was once again Apple, down -6.1%.

Finally, the Nasdaq finished the trading day up +0.8% to 29,440 points, led by Basic Materials and Utilities.

The top mover was once again Sandisk Corp.

The bottom mover was Strategy Inc, down -9.4%, followed by Apple.

Key Event

Fri 26 Jun 2026 at 8:15am

Fri 26 Jun 2026 at 8:15am

Today show host Karl Stefanovic to leave Channel Nine, network confirms

By Adelaide Miller

Channel Nine has told staff that Today show presenter Karl Stefanovic is leaving the network "effective immediately".

It follows days of speculation about his future with the network, something his co-host Sarah Abo addressed this morning.

"Look, we know there has been a lot of speculation about Karl's future with the show. This morning, we want to inform you that Karl will not be returning to the Today show, or to Nine," she said.

Investors have been reacting this week too, with the image below showing movement over the past five days.

It will be interesting to see what happens to the share price when markets open in a few hours.

Key Event

Fri 26 Jun 2026 at 8:00am

Fri 26 Jun 2026 at 8:00am

Wall Street 'volatility' sparked by Apple

By Adelaide Miller

There was no consistency across Wall Street, as markets in New York finished trading.

Senior financial market analyst Kyle Rodda from capital.com says the "choppy" and "volatile" movement could be largely driven by Apple's announcement to hike prices for major products.

"A part of the reason is likely Apple's announcement that it would be jacking up its prices across its Mac and iPhone products as it passes on higher input costs, partly caused by AI, onto consumers."

He says risk appetite across Wall Street has been "dulled by fears about AI return on investment and US interest rate hikes".

"However, Micron's stellar results, which include a smashing topline and bottom line beat, better than expected earnings guidance, and projections of chip backlog into next year reassured that AI growth remains strong."

The US Personal Consumption Expenditure (US PCE) data was released in the US, with the core number rising to 3.5%. The headline month-over-month figure undershot, according to Mr Rodda, which he says slightly reduces the urgency for the US Federal Reserve to hike interest rates.

"The corporate and economic data sparked a surge at the open for US indices. However, much of that move was subsequently unwound with the markets experiencing heightened two-way volatility throughout the session," he says.

"Crucially though, it is also the end of month and end of quarter and much of the weakness and choppy price action may reflect rebalancing going into the end of the periods.

"That seems to be made apparent by the fact the downside is being driven by the narrow set of tech stocks that have largely outperformed for large parts of the quarter and that are likely being trimmed by investors as portfolios rebalance."

Fri 26 Jun 2026 at 7:45am

Fri 26 Jun 2026 at 7:45am

ICYMI: Thursday finance with David Chau

By Adelaide Miller

If you need a quick refresher on yesterday's finance news, David Chau can talk you through the share market, the price of oil, and Australia's unemployment figures.

Key Event

Fri 26 Jun 2026 at 7:27am

Fri 26 Jun 2026 at 7:27am

ASX set to open higher

By Adelaide Miller

Good morning everyone, and happy Friday!

Welcome to another day on the finance blog.

Business reporter Adelaide Miller here to guide you through everything business, finance and economics this morning.

To start with, the ASX is set to open higher when trading begins, with Futures pointing up +0.1% to 8,755 points.

The Aussie dollar is currently trading at about 69 US cents.

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