Rise and Shine: Everything you need to know before the ASX opensGood morning! Here’s everything you need to know before the ASX flings open its doors and begins trading today.Eddy Sunarto and Phoebe Shields4 min readSeptember 10, 2026 - 6:35AMStockheadEverything you need to know before the ASX opens. Pic: Getty ImagesStockheadDon't miss out on the headlines from Stockhead. Followed categories will be added to My News.Good morning everyone and welcome to Rise and Shine on Thursday, September 10, 2026. Here’s what you should know before the ASX opens today… At 7am Sydney time on Thursday, ASX 200 futures were down around 0.9%, so unless something turns around pretty quickly, we’re looking at a fairly ugly start.Here’s what went down overnight...Wall Street gets the oil-and-yields double whackThe Dow fell around 0.8%, the S&P 500 lost 0.5% and the Nasdaq dropped 0.7%, with energy about the only place investors could hide.STOCK INDICES Value ChangeASX 200 8,911 -0.11%S&P 500 7,636 -0.48%Dow Jones 52,381 -0.77%Nasdaq Comp 26,253 -0.64%Russell 2000 2,921 -1.32%Euro Stoxx 50 6,312 -1.58%UK FTSE 10,670 -1.31%German DAX 25,576 -1.66%French CAC 8,157 -1.94%The problem was pretty simple.Two things markets really don’t want going up together — oil and bond yields — were doing exactly that.Brent crude smashed through US$101 a barrel as the US-Iran war heated up again, which dragged the inflation trade straight back onto the desk.Markets now reckon there’s a 60% chance of a September Fed hike, so tonight’s US PPI and tomorrow’s CPI suddenly matter a whole lot more. Then Scott Bessent walked into the bond market and somehow made the mood worse.The US Treasury said it would buy up to US$6 billion of 10-to-20-year government debt, triple the previous US$2 billion cap.Sounds good, except Wall Street had spent the past week getting itself excited about something closer to US$10 billion.So Treasury basically arrived with six bottles when the party had already priced in ten.Traders weren’t impressed, and the US 10-year yield jumped as high as 4.85% (bond prices fell), its highest since November 2023, while longer dated yields pushed up around 5.3%.Basically, Bessent tried to put a lid on yields and the lid flew off.And that’s where equities start getting uncomfortable.US stock highlightsThere was plenty of corporate stuff flying around overnight too.Starting with Apple, where new boss John Ternus got his first big Steve Jobs Theatre moment and finally unveiled the company’s first foldable iPhone, the Duo.Ternus even pulled off the “actually there is one more thing” too, before whipping out what Apple reckons is its biggest ever iPhone display, except this one folds up and disappears into your pocket.Wall Street was slightly harder to impress though, and Apple shares slipped.Elsewhere, Google announced a whopping €13 billion AI infrastructure spend in Finland.Dell raised US$5 billion in the bond market as its AI server business keeps humming along.Amazon also went rattling the tin and raised £4.25 billion.There’s a pretty obvious theme here.AI needs an absolutely obscene amount of money to build, and so far bond investors keep happily turning up with the chequebook.The blokes building AI send ominous warning about AIWhile Wall Street continues throwing billions at AI, one bloke who actually helped build the stuff has decided he’d rather get off the ride.Anthropic researcher Jacob Coxon, who spent the past three years doing pre-training research at Anthropic and OpenAI, has quit and reckons both companies are racing towards superintelligence without having the safety side properly sorted.Which sounds concerning enough.Then Anthropic Alignment Science lead Evan Hubinger somehow made it considerably more concerning.“We really do earnestly believe AI could kill all humans! I personally think it is >10 per cent within the next decade,” he wrote.Not exactly your standard investor relations wording.Hubinger also said Anthropic still doesn’t have a plan to solve the alignment problem for superintelligence and isn’t clearly on track to find one.Oil is above US$101Brent jumped more than 3% through US$101 overnight, while WTI pushed beyond US$96 as the Middle East situation somehow found another gear.The US military said it destroyed five Iranian tankers after attempts to hit a US Navy warship with ballistic missiles.A senior Iranian official said Tehran has rebuilt its military capabilities and has enough missiles to keep going for a lengthy conflict.So the market can probably stop pricing in the peace treaty every second Tuesday.What’s on today?Back home, Australia’s September consumer inflation expectations land at 11am AEST.And with crude back above US$100, that number has suddenly become a little more interesting.Then Europe gets its turn, with the ECB handing down its rates decision at 10.15pm AEST.After that, the Americans drop producer inflation at 10.30pm AEST, before the bigger one arrives late Friday our time with US CPI.Commodity/forex/crypto market prices Price (US) MoveGold / ounce $4,394.91 0.90%Silver / ounce $67.18 2.17%Iron ore / tonne $99.37 -0.65%Nickel / tonne $16,875 0.72%Copper / tonne $13,529 0.38%Zinc / tonne $4,037 0.73%Lithium carbonate 99.5% Min China Spot / tonne $21,668 -0.68%Uranium / pound $89.65 0.17%Oil (WTI) / barrel $96.77 4.01%Oil (Brent) / barrel $101.58 3.74%AUD/USD $0.7216 0.01%Bitcoin $78,185 -0.33%What got you talkingAlso in the news…Health Check: ‘Frustrated’ Echo IQ (ASX:EIQ) ponders next move after shock FDA setback.Biocurious: EZZ Life Science (ASX:EZZ) looks to return serve against Chinese knockoffs.The Aussie junior making its mark in America’s copper heartland.Alligator Energy (ASX:AGE) takes the ISR path towards Samphire development.Gallium in pole position as Nimy Resources (ASX:NIM) targets multi-metallics across Mons Greenstone.Resources Top 5: Mount Ridley Mines (ASX:MRD)still climbing after capital raise.Trading HaltsBannerman Energy (ASX:BMN) – cap raiseBuru Energy (ASX:BRU) – Rafael Field reserves and resources reportTheta Gold Mines (ASX:TGM) – bond facility first drawdown updateVanadium Resources (ASX:VR8) – cap raiseAt Stockhead we tell it as it is. While EZZ, Alligator Energy, Nimy Resources and Mount Ridley Mines are Stockhead advertisers, they did not sponsor this article.This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.Originally published as Rise and Shine: Everything you need to know before the ASX opensMore related storiesStockheadEverything you need to know before the ASX opensGood morning! Here’s everything you need to know before the ASX flings open its doors and begins trading today.Read moreStockheadNordic eyes Finnish gold upsideFinland’s Nordic Resources has seen neighbours sold for massive valuations. MD Rob Wrixon is eyeing upside in a resource upgrade.Read more