ASX to rise; REA, PEXA bosses to exit; oil drops on Trump's Gaza comments

Local shares to rise as global trade war threats pull back. US President's proposed American control of Gaza sends crude prices down. REA boss sets end date after strong half-year results.

Earnings season is kicking into gear. Picture: Nikki Short

Welcome to the Trading Day blog for Thursday, February 6. The ASX 200 is set to rise as global markets settle in after the threat of an all-out global trade war disappeared, for the time being.

ASX 200 futures are 0.7 per cent higher to 8436.

On Wall Street, the S&P 500 closed 0.4 per cent higher, the technology-focused Nasdaq Composite Index added 0.2 per cent and the Dow Jones Industrial Average closed up 0.7 per cent.

US 10-year bond yields are lower to 4.422 per cent.

Oil prices dropped on Donald Trump raising the possibility of American control of Gaza, with global benchmark Brent down to $US74.71 per barrel and WTI Nymex also lower to $US71.16 per barrel.

Gold futures are again higher to $US2881.99 per ounce.

Cryptocurrency market leader bitcoin is lower, trading below $US98,000.

The Aussie dollar is trading around US62.87c.

Originally published as ASX to rise; REA, PEXA bosses to exit; oil drops on Trump's Gaza comments