ASX Preview: Australian Shares to Open Higher as Wall Street Rebounds; Inflation Data in Focus

MT Newswires Live

01-29

Australian shares are set for a higher open on Wednesday amid a rebound on Wall Street and ahead of key inflation data for the fourth quarter of 2024.

The consumer price index for the December 2024 quarter is due at 11:30 am Sydney time.

Wall Street staged a rebound overnight following a tech rout in the prior day spurred by fears over the competitiveness of Silicon Valley in the artificial intelligence space. The Nasdaq Composite gained 2%, the S&P 500 rose 0.9%, and the Dow Jones Industrial Average advanced 0.3%.

In corporate news, Pilbara Minerals (ASX:PLS) produced 188,200 dry metric tonnes of spodumene concentrate in the December 2024 quarter, down 14% from 220,100 dry metric tonnes in the September quarter, according to a Wednesday filing with the Australian bourse.

Gold Road Resources (ASX:GOR) said output from the 50-50 joint venture, Gruyere mine, reached 91,631 tonnes of gold in the December 2024 quarter, up from 68,781 ounces produced in the prior quarter.

Australia's benchmark index was flat at 8,399.10 on Tuesday.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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