The Australian Share Market Faces a Dip Amid Falling Gold and Oil Prices
The Australian stock market is gearing up for a lower opening today as both gold and oil prices experience declines.
Overnight trading on Wall Street showed mixed results, creating uncertainty in the markets.
Stay updated with the latest financial news and insights from our dedicated team of business reporters on our live blog.
Disclaimer: Please note that this blog does not serve as investment advice.
Key Events
1.
10 minutes ago, Wed, January 7, 2026, at 9:01 PM
2.
45 minutes ago, Wed, January 7, 2026, at 8:25 PM
3.
59 minutes ago, Wed, January 7, 2026, at 8:11 PM
Market Snapshot
By Adelaide Miller
- ASX 200 futures: down 0.1% to 8,680 points.
- Australian dollar: decreased by 0.2% to 67.24 US cents.
- Wall Street: S&P 500 down 0.1%, Dow Jones down 0.9%, Nasdaq up 0.3%.
- European markets: Dax up 0.9%, FTSE down 0.7%, Eurostoxx 600 down 0.1%.
- Spot gold: down 0.9% to $4,457 per ounce.
- Brent crude oil: down 0.9% to $60.15 per barrel.
- Iron ore: up 2.4% to $109.00 per tonne.
- Bitcoin: down 2.6% at $90,825.
Prices as of approximately 7:30 AM AEDT.
Key Event
10 minutes ago, Wed, January 7, 2026, at 9:01 PM
J.P. Morgan Takes Control of Apple Credit Card
By Adelaide Miller
The global financial powerhouse J.P. Morgan has reached an agreement to assume responsibility for the Apple credit card.
Goldman Sachs is anticipated to transfer around $20 billion in outstanding card balances to J.P. Morgan at a discount exceeding $1 billion.
Under this new arrangement, J.P. Morgan will issue Apple credit cards to both new and existing customers and is planning to introduce a fresh Apple savings account.
- Reuters
26 minutes ago, Wed, January 7, 2026, at 8:45 PM
In Case You Missed It: Financial Update with David Chau
By Adelaide Miller
If you’re looking for a quick recap of yesterday’s market movements in less than two minutes, look no further! Here’s a concise overview from my colleague David Chau:
Key Event
45 minutes ago, Wed, January 7, 2026, at 8:25 PM
Current Oil and Gold Trends
By Adelaide Miller
Both oil and gas prices are trading lower this morning.
As of 7:15 AM, Brent Crude has dropped by 0.8% to $60.22 per barrel, while gold has seen a decline of 0.9% to $4,459 per ounce.
Geopolitical tensions are escalating, following recent U.S. military actions against Venezuela, including strikes and the capture of its president over the weekend.
The U.S. is aiming to access Venezuela's vast oil reserves, which are the largest globally. Just last night, U.S. authorities confiscated two oil tankers linked to Venezuela. One of the vessels, Marinera, had recently altered its registration to Russia and was reportedly tracked by a Russian submarine when U.S. forces boarded it. Another ship, named Sophia, was seized in the Caribbean amid a broader American effort to block "sanctioned and illicit Venezuelan oil." Meanwhile, the price of gold has softened after experiencing strong gains earlier in the week.
Key Event
59 minutes ago, Wed, January 7, 2026, at 8:11 PM
Good Morning!
By Adelaide Miller
Greetings everyone, and happy Thursday!
Welcome back to another day on the ABC markets and finance blog.
I’m Adelaide Miller, here to guide you through this morning’s market fluctuations.
It appears that the ASX 200 is expected to drop by 0.1% in early trading, with futures pointing to a level of 8,672 points.
On Wall Street, activities have been quite variable. The S&P 500 is nearly flat, edging down 0.02% to 6,944 points, while the Dow Jones has decreased by 0.7% to 49,129 points. In contrast, the Nasdaq has risen by 0.4% to 25,734 points.
The Australian dollar is currently valued at 67.26 US cents.
Grab a coffee and stay tuned for more updates!
