ASX Preview: Australian Shares Set to Open Lower Amid Wall Street Losses

MT Newswires Live

01/13

Australian shares are headed for a lower open on Monday as investors are likely to track losses from Wall Street last Friday in the wake of the US jobs report.

The ANZ-Indeed Job Ads report for December 2024 is slated for release at 11:30 am Sydney time. The Melbourne Institute's monthly inflation gauge is also scheduled at around 12 pm.

Last Jan. 10, the Nasdaq tumbled 2.3%, while the Dow Jones Industrial Average and the S&P 500 lost 1.9% each after data showed that the country added more jobs than projected in December 2024.

In corporate news, AFT Pharmaceuticals (ASX:AFP, NZE:AFT) forecast record sales of more than AU$200 million in fiscal 2025, up from AU$56 million and AU$106 million turnovers in fiscal 2015 and fiscal 2020, respectively.

Deep Yellow (ASX:DYL) issued 124,263 fully paid ordinary shares following the exercise of 124,263 vested employee performance rights.

Australia's benchmark index was down 0.4%, or 35.10 points, to close at 8,294.10 on Jan. 10.

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