Australian Shares Seen Higher as Futures Rise 0.4%
Australian local futures are up 0.4% ahead of Wednesday's session, pointing to a potential S&P/ASX 200 rally. The benchmark slipped 0.3% on Tuesday.
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Australian local futures are up 0.4% ahead of Wednesday's session, pointing to a potential S&P/ASX 200 rally. The benchmark slipped 0.3% on Tuesday.
Australian shares were expected to rise, with local miners potentially supported by higher copper prices. Investors awaited Rio Tinto’s Wednesday results; New Zealand shares slipped.
The RBA board lifted the cash rate to a 15-year high of 4.60%, with shares closing up 0.3% at 8,709.30; tech jumped 4.6% and miners rose 1.1%.
* Oil has continued to trend lower during Wednesday's APAC session as talks continue on the sidelines of this week's UN gathering. The fact negotiations are even taking place to facilitate Middle East energy shipments is driving optimism in markets but the situation remains very precarious. UST futures are higher, but
EXECUTIVE SUMMARY * TRUMP HAILS 'VERY GOOD' IRAN TALKS FOLLOWING ANNIHILATION THREAT - BBG: #cdbad0a1-5c8d-4cdb-9819-370162b99299 * ZELENSKY ASKS TRUMP FOR WINTER ARMS PACKAGE, EXPECTS ENERGY-CEASEFIRE PUSH - WSJ: #a4c79a68-e487-466b-a806-4885fa3200e0 * LASTING SHOCKS, FIRMING DEMAND REQUIRE FED ACTION - BARKIN - MNI