Wall Street kicked off February on a stronger note, led by gains in the tech sector, though losses in Walt Disney weighed on sentiment after the company flagged a weaker outlook. In Europe, shares climbed to record highs, driven by strength in banking stocks. Commodities were under pressure, with oil sliding 5% on signs of US-Iran de-escalation, while gold extended its selloff as higher CME margin requirements compounded recent losses. Back home, Aussie shares are expected to rebound, even as the Reserve Bank is poised to lift the cash rate.

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