Australian shares are set to open lower Thursday amid losses from Wall Street after the US Federal Reserve hit pause on its rate cuts.
The international trade price index for December 2024 is slated for release at 11:30 am Sydney time.
Overnight, the S&P 500 and Nasdaq Composite shed 0.5% each, while the Dow Jones Industrial Average lost 0.3%.
In a widely expected move, the US Federal Reserve left its interest rates in the range of 4.25% to 4.50%, pausing a series of cuts that began in September 2024.
In Australian corporate news, Sandfire Resources (ASX:SFR) said group copper equivalent production reached 37,100 tonnes in the December 2024 quarter, compared with 38,000 tonnes in the prior quarter and 33,200 tonnes in the year-earlier period.
Capricorn Metals' (ASX:CMM) Karlawinda project in Western Australia produced 28,702 ounces of gold in the second fiscal quarter ended December 2024, compared with 25,559 ounces produced in the preceding three-month period.
Australia's benchmark index rose 0.6%, or 47.90 points, Wednesday to close at 8,447.
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