Good morning! ASX 200 futures are down 8 pts (-0.08%) as of 8:30 am AEST. The overnight session in a nutshell:
- US indices broadly higher, with the S&P 500 recording its seventh straight day of gains and the Dow returning to positive YTD territory
- Every S&P 500 sector except for Energy and Healthcare finished higher
- Software was a key underperformer, with the iShares Expanded Tech-Software ETF down 3.9% and breaking below recent lows to trade at the lowest since Nov-23
- Recent Anthropic updates around Claude Cowork and its new Mythos model are the likely suspects behind renewed pressure for software names
- Only one oil products tanker has crossed the Strait of Hormuz since the ceasefire announcement, while Israel continues to "strike Hezbollah with force"
