Live: ASX set to edge higher ahead of jobs data, oil slides

Australian markets are poised for a marginal gain at the opening bell, with ASX 200 futures indicating a 0.2% rise. This follows a mixed session on Wall Street, where the Dow Jones Industrial Average edged up 0.4% and the S&P 500 closed slightly lower. The Nasdaq Composite also fell 0.4%, though chipmaker Micron saw a significant jump of around 10% in after-hours trading following strong quarterly results.

Overnight, commodity prices experienced declines. Brent crude futures fell 5.1% to $US73.17 a barrel, and WTI futures dropped 4.6% to $US69.85 a barrel. Spot gold also saw a decrease of 2.7% to $US3,997 per ounce, and Bitcoin was down 2.4% at $US60,864. The Australian dollar weakened by 0.2% to 69.00 US cents.

Later this morning, market participants will focus on Australia's May Labour Force data. Consensus forecasts predict a pickup in employment following a contraction in April, with the unemployment rate potentially edging down to 4.4%. The live blog will provide ongoing coverage of financial news and market insights.