Wall Street struggled overnight as a sell-off in chipmakers weighed on tech stocks, while escalating tensions in the Middle East pushed oil prices to near two-week highs. But what could all this mean for the ASX today, following its strongest close in two weeks? Plus, why Australia's recent rebound in home construction still falls short of the government's housing targets.

Join James Gruber, Equity Market Strategist and James Tao, Equity Market Commentator at CommSec, as they take you through all the key numbers.

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