Australian shares are poised to open flat on Wednesday, following mixed signals from Wall Street after weaker-than-expected US jobs data tempered expectations for further US Federal Reserve interest-rate cuts.
Investors are also eyeing a sharp drop in oil prices to multi-year lows, driven by oversupply concerns and cautious optimism over progress in Russia-Ukraine peace talks.
Overnight, the S&P 500 and the Dow Jones Industrial Average fell 0.2% and 0.6%, respectively, while the Nasdaq Composite gained 0.2%.
In the macroeconomy, investors are eyeing the release of the Westpac Leading Index.
In corporate news, Santos' (ASX:STO) joint venture repaid the AU$363 million debt facility for its Papua New Guinea liquefied natural gas project ahead of the June 2026 due date.
Treasury Wine Estates (ASX:TWE) is targeting first-half 2026 earnings before interest, tax, and significant items (EBITS) of AU$225 million to AU$235 million, leverage of 2.5 times, and AU$100 million in cost improvement.
Australia's benchmark index fell 0.4% or 36.1 points to close at 8,598.90 on Tuesday.
Comments