Live: ASX 200 set to rise after Dow closes at record high, Brent Crude eases

The Australian share market is poised for a positive start to the trading week, with futures pointing to a 0.41% rise for the ASX 200. This optimism follows a strong performance on Wall Street, where the Dow Jones closed at a new record high, signaling a potential uplift for global markets.

Investor sentiment appears buoyed by the prospect of a U.S.-Iran peace deal, which could lead to the reopening of the Strait of Hormuz, a critical chokepoint for global oil supply. This development is seen as a positive indicator for international trade and economic stability.

Despite the encouraging futures, the ASX 200 endured a largely disappointing May, ending the month down approximately 0.8%. However, the strong finish to the previous trading week on Wall Street, with the S&P 500 and Nasdaq also posting gains, provides a hopeful outlook for Australian traders as they begin the new week.

Market data shows the Australian dollar trading up 0.5% against the U.S. cent, while Brent crude prices have eased. Spot gold and iron ore prices remain relatively flat, indicating a mixed commodity market. The Nasdaq Composite saw a 0.2% increase, and European markets like the FTSE also experienced modest gains.