Company Interview / the open: Wall Street rebounds 📈 ASX set for strong opening

Global shares rebounded overnight, although volatility remains amid concerns over the impact of AI and President Trump's tariff policies. The local market is set to open strongly with ASX futures up 0.76%. 

Tech stocks led the gains on Wall Street with semiconductors outperforming. And AI lab Anthropic announced several new AI tools targeting areas such as investment banking and human resources, which it says is designed to customise their specific software, not replace it.  

United States customs have begun collecting a temporary new 10% global import tariff, but the Trump administration was working to increase it to 15%, according to a White House official. The move has created confusion and uncertainty around US trade policy, with no explanation as to why the lower rate had been implemented. 

Investors took profits in gold which saw it ease from a three‑week high. Spot gold down more than 1%. The US dollar index is up 0.1% on the day, whilst the Australian dollar is at US70.6 cents.