Pre-Market Report – Thursday 3 September: Dip buyers return – Iran tensions ease Materials lead – SPI down 38

ASX set to fall. SPI futures down 38 points or 0.43%.Wall Street rebounded on Wednesday as dip buyers returned after a three day selloff, Trump said US strikes on Iran would be short lived with the probability of a September rate rise falling from 67.2%  to 62.3%. The Dow rose 295 points, the S&P 500 gained 0.46% and the Nasdaq added 0.45%. Materials led with 10 of 11 sectors finishing higher, real estate the decliner. The Russell 2000 was up 1.13% and the SOX added 0.45%. Volume was below average and the VIX was down 6.98%.Bond yields eased as New York Fed president said inflation continues to ease as tariffs impacts fade, the higher energy prices are not spreading into other services. The US 10 year yield fell 1.3bp to 4.78% and the US 30 year fell 1.7bp to 5.26%. The yen rallied sharply on suspected intervention after a Bank of Japan board member raised the possibility of more aggressive rate normalisation. The USD Index slipped to 99.58 while the AUD added 0.32% to 71.69c. Bitcoin was mostly flat at $77,460.Marcus Today – Daily Market InsightsMarcus Today provides clear, practical commentary for self-directed investors – covering markets, portfolios, education, and decision-making without the noise.If you'd like to go further:Start a free 14-day trial of Marcus Today http://bit.ly/mt-trial-podcastJoin Marcus Today Use code MTPODCAST for 10% off http://bit.ly/mt-join-podcast-offerMT20 – Managed ETF Portfolio A professionally managed portfolio run by Marcus Padley and the team, using ASX-listed ETFs with active market timing. http://bit.ly/mt20-podcastPrinciples – How We Think About Investing A short video series on timing, behaviour, and decision-making. No stock tips. http://bit.ly/mt-principles-podcast—Disclaimer This podcast is general information only and does not consider your personal circumstances. It is not personal financial advice.