ASX to rise; Meta, Tesla pace renewed tech rally

News Snapshot:

ASX futures turned from a more than 20 point gain to 10 points lower near 5.20am AEDT. Gold pulled back, modestly, from its record high. Oil eased and then rallied above $US90 a barrel. Iron ore fell back below $US100 a tonne. Copper advanced to its highest in 14 months. Cocoa extended its pull back to a third session. The CME’s FedWatch Tool has the probability of a quarter point rate cut in June at 61.6 per cent, little changed from the previous day and up from 55.2 per cent a week ago. The latest sentiment survey by the American...