Australian shares are headed for a higher open Tuesday despite a mixed session on Wall Street overnight.
The ANZ-Roy Morgan Australian Consumer Confidence Index is expected at 9:30 am Sydney time, while the Westpac Consumer Confidence report is slated for release at 10:30 am. Building permits data are due at 11:30 am.
Overnight, the Dow Jones Industrial Average rose 0.9% and the S&P 500 eked out a 0.2% gain. The tech-heavy Nasdaq Composite fell 0.4%.
In corporate news, Telix Pharmaceuticals (ASX:TLX) reported unaudited revenue of roughly $142 million for the fourth quarter of 2024, an increase of 46% from the year-earlier period's $97 million, according to a Monday filing with the Australian bourse. Full-year revenue reached $517 million, up 55% from a year earlier, beating the previously stated guidance of $490 million to $510 million.
MA Financial Group (ASX:MAF) is in advanced talks to raise AU$300 million for a listed private credit trust amid a push to manage AU$15 billion by the end of 2026, The Australian reported Monday, citing unnamed sources.
An investor named Wang Xing Chun bought a 5.5% stake in Star Entertainment Group (ASX:SGR), equivalent to nearly 158.3 million shares, according to a notice of initial substantial holder filed with the Australian bourse Monday. The Australian identified Wang as a Macau businessman in a report.
Australia's benchmark index lost 1.2%, or 102.20 points, Monday to close at 8,191.90.
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