ASX Preview: Australian Shares Set to Rise as Gold Hits Record Amid Geopolitical Tensions; Goodman Group, CPP Investments Team Up on AU$14 Billion European Data Centre Venture

MT Newswires Live07:15

Australian shares are poised to rise on Tuesday, following a surge in gold to record highs amid US-Venezuela tensions, expectations of a new Fed chair, and continued safe-haven buying.

Overnight, the Nasdaq Composite and the Dow Jones Industrial Average each rose 0.5%, while the S&P 500 gained 0.6%.

In the macroeconomy, the Reserve Bank of Australia's December meeting minutes are due at 11:30 am Sydney time.

In corporate news, Goodman Group (ASX:GMG) has teamed up with Canada Pension Plan Investment Board (CPP Investments) to establish a AU$14 billion partnership aimed at developing a portfolio of high-capacity data centers in Frankfurt, Amsterdam, and Paris, according to a Tuesday filing with the Australian bourse.

Ramsay Health Care (ASX:RHC) agreed to acquire the National Capital Private Hospital in Canberra from certain Healthscope Group entities for AU$251 million, according to a Tuesday filing with the Australian bourse.

Australia's benchmark index rose 0.9% or 78.5 points to close at 8,699.90 on Monday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment