Company Interview / the open: ASX to gain on busy AGM day

The local market is set to open higher this morning, with ASX futures up 0.2% after falling to a six-week low yesterday following the Reserve bank decision to leave rates on hold.On Wall Street tech shares weighed heavily on the broader market with AI-related momentum stocks losing ground. The majority of Mag 7 stocks finished in the red. Tesla remains in focus with Norway's sovereign wealth fund, its seventh-biggest owner indicating it will vote against Elon Musk's proposed $1 trillion pay package.US-listed shares of BHP and Rio Tinto fell, tracking a decline in copper prices.The US government shutdown has entered its 35th day, matching a record set during Donald Trump's first presidency, with his administration warning of potential chaos at airports going into the holiday period.

There's no local data today. Among the companies holding AGMs are Cog Financial, NIB, Seven West Media and Vicinity Centres.