Laura Bessarati

So over the past three days, we've lost around 2.5% and currently hovering roughly around a one-month low.

Looking at what happened last night, the US share market just continues to hit fresh record highs.

So last night, it did only creep higher by about a tenth of 1%, but that was enough to hit a new all-time high.

So the strength in the US market has really been driven by solid earnings, particularly from AI and semiconductor stocks.

Of course, we have Nvidia out with their results next week.

So all eyes are going to be on that.

But

That's really what's been driving the strength in US markets.

And it seems US investors have really been looking past the stalled US-Iran peace talks and the ongoing closure of the Strait and the back and forth between both parties and just focusing on that solid earning season.

I also wanted to highlight some year-to-date moves.

So the Aussie market, as it stands right now, we're down ever so slightly in year-to-date terms, down by something like a third of 1%.

But that compares with the United States, which is up by a little over 8%.

And if we look at the tech-heavy Nasdaq alone, it's up by 13%.

So the US market certainly outperforming our market here in Australia.

Another thing that happened overnight, we've seen Trump's pick for the next Fed chair, Kevin Walsh.

He got one step closer to getting confirmed into the position.

So it appears to be somewhat of a three-step process.

So last night, he cleared a key hurdle in the US Senate.

And then there's another vote required to confirm him for a 14-year term as Fed governor.

So he'll be on the board.