ASX Preview: Australian Shares Set for Higher Open As Trump Delays Auto Tariffs

MT Newswires Live

15小時前

Australian equities are poised to open higher on Thursday after US stocks finished higher as the Trump administration delayed auto tariffs.

On Wednesday, the White House announced that US President Donald Trump gave Ford, General Motors, and Stellantis a one-month delay on tariffs.

The Nasdaq Composite rose 1.4%, the S&P 500 closed up 1.1%, and the Dow Jones Industrial Average gained 1.1%.

Investors will be looking forward to Australia's balance of trade data at 11:30 am Sydney time.

In corporate news, the Commonwealth Bank of Australia (ASX:CBA) completed the sale of its remaining 4.4% shareholding in Vietnam International Commercial Joint Stock Bank via the Ho Chi Minh Stock Exchange.

Arcadium Lithium (ASX:LTM) has been suspended from trading after the Royal Court of Jersey sanctioned its acquisition by Rio Tinto's (ASX:RIO) unit.

Australia's benchmark index fell 0.7% Tuesday to close at 8,141.10.

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