Live: Bathla standdowns start in short-term rescue package, ASX opens higher as oil price rises

Wall Street has slipped after stronger-than-expected jobs growth sent bond yields higher and shortened the odds of the Fed hiking rates this month.

Futures traders on the ASX have struggled to make sense of the impact, with the market poised to open flat this morning, and a meeting of Baltha creditors today could decide the fate of the construction firm that has collapsed, owing $3.4 billion.

Follow the day's financial news and insights from our specialist business reporters on our live blog.

Disclaimer: this blog is not intended as investment advice.

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Mon 7 Sep 2026 at 6:56amMon 7 Sep 2026 at 6:56am

Market snapshot

By Stephen Letts

• ASX 200 futures: flat at 9,002 points
• ASX 200 (Friday): -0.2% to 9,006 points
• Australian dollar: flat at 72.04 US cents
• Wall Street: S&P 500 -0.4%, Dow -0.5% Nasdaq -0.3%
• Europe (Friday): Dax +0.2%, FTSE flat, Eurostoxx 600 +0.3%
• Spot gold: -1.0% to $US4,428/ounce
• Oil: Brent futures +0.8% to $US92.68/barrel, WTI futures +0.2% to $US91.48/barrel
• Iron ore (Friday): +0.4% to $US99.95 tonne
• Copper (LME): +1.0% to $US14,363/tonne
• Bitcoin: +0.2% to $US79,924
• 10-year bonds: US 4.78%, Aust 5.19%

Prices current at around 7.00am AEST

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Mon 7 Sep 2026 at 6:49amMon 7 Sep 2026 at 6:49am

Good morning

By Stephen Letts

Good morning and welcome to another day on the ABC markets and finance blog.

Stephen Letts from ABC business team limbering up for a blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice.

Wall Street closed the week on a negative note, with the S&P 500 slipping 0.4% and US bond yields edging higher after stronger than expected jobs figures shortened the odds of a rate hike from the Federal Reserve this month.

The ASX appears to be hedging its bets today.

When trading closed on Saturday morning, ASX 200 futures pointed to a flat opening. 

However, that was before US forces struck and disabled three Iranian oil tankers in the Strait of Hormuz.

Data-wise it's a quiet day with only the ANZ-Indeed job ads numbers coming out.

We'll be keeping a close eye on the Baltha Group creditors' meeting this morning.

The company is in hock to around $3.4 billion and its future is hanging by a thread with administrators warning work across its vast portfolio of sites could stop as early as today.