Australian stocks are expected to open with modest gains despite rising geopolitical concerns in the Middle East. This cautious outlook comes as investors monitor developments in the region, creating uncertainty in global markets. Meanwhile, SpaceX, Elon Musk’s space exploration company, experienced a significant surge in value during its first day of trading on Wall Street. The debut generated considerable investor interest and boosted market confidence in the technology sector. Analysts are observing how these contrasting forces – regional instability and a successful tech IPO – will influence market trends in the coming days. The ASX is likely to be affected by both global events and the performance of key sectors. Investors are advised to proceed with caution given the volatile international landscape.