ASX's Record Rally Faces Oil and Wall Street Headwinds as Earnings Season Heats Up

Atlassian's 26.1% after-hours surge after posting its first quarterly profit in over two years is the headline act, soothing fears about AI's disruption to the tech giant and providing a massive vote of confidence for the August reporting season. This follows a stellar rebound that has seen the S&P/ASX 200 climb 6% since early July, outpacing Wall Street and setting fresh record highs. Strategists from JPMorgan and Morningstar say the rally is built to last, supported by...