The Australian Securities Exchange (ASX) is expected to rise as the US stock market experiences gains driven by positive profit reports from companies including Equifax and Hasbro. This upward trend in the US follows a period of concern regarding rising oil prices, which have begun to stabilize after approaching levels not seen since the start of the war with Iran. The easing of oil prices provides some relief to global markets. Strong corporate earnings appear to be the primary catalyst for investor confidence in the US. The performance of US markets often influences trading activity on the ASX. Investors will be closely watching for further economic indicators to gauge the sustainability of this rally.