Australian shares are expected to drift on Friday as the holiday lull continues.
With no major macroeconomic data due for release, investors will assess fewer key corporate reports as markets reopen from the Christmas holiday.
Paladin Energy (ASX:PDN) will debut on the Toronto Stock Exchange at 9:30am local time on Dec. 27 under the ticker symbol "PDN," following its acquisition of Fission Uranium.
Macmahon Holdings (ASX:MAH) subsidiary Decmil bagged a AU$47 million contract for the design and construction of a wind farm in Western Australia.
In sector news, iron ore miners such as Rio Tinto (ASX:RIO), BHP Group (ASX:BHP), and Fortescue (ASX:FMG) could benefit from an expected 2.9% year-on-year increase in global output in 2024, according to a Dec. 24 report by Research and Markets.
The S&P/ASX 200 eked out a 0.2% gain, or 19.30 points, to close at 8,220.90 on Dec. 24.
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