ASX to fall, Wall St wavers after rally

News Snapshot:

Australian shares are set to open lower, reflecting a lack of further catalysts that have fuelled a stunning global equities rally on easing trade tensions. There’s rising expectation among strategists that markets have run a bit too far too fast. While market sentiment has improved with President Donald Trump’s tariff policy pivots, Goldman Sachs’ Peter Oppenheimer said “equity valuations are high, particularly in the US, and earnings growth is likely to be moderate, leaving equities at risk of a further setback if recession fears resurface on the back of deteriorating hard data. “Given these risks, our strongest conviction remains to...