ASX to rise, S&P 500 pares early drop

News Snapshot:

Australian shares are set to open higher though a sustainable rebound is not expected. Shares were lower in New York as nerves continue to fray with investors waiting for more clarity on President Donald Trump’s tariff plans. The S & P 500 fell near 2 per cent in early trading before buyers stepped forward; it was 0.5 per cent lower near 5660 at 1.20pm. The benchmark is heading towards its worst quarter since 2022. Trump is set to detail plans for reciprocal tariffs on Wednesday (Thursday AEDT), and it is unclear whether he’s open to any flexibility with them. For...