ASX Preview: Australian Shares Set to Open Flat Amid Weak US Jobs Data, Oil Drop; Santos JV Repays AU$363 Million LNG Project Debt Facility

MT Newswires Live12-17 07:23

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.

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