ASX Preview: Australian Shares on Track for Higher Open Despite Wall Street's Decline

MT Newswires Live

Jan 17, 2025

Australian shares looked set to open higher Friday, ignoring a somber tone on Wall Street that followed the previous session's rally.

Overnight, the S&P 500 and the Dow Jones Industrial Average shed 0.2% each, while the Nasdaq Composite lost 0.9%. Thursday's data showed that US retail sales rose 0.4% in December 2024, lower than Bloomberg's consensus for a 0.6% increase.

In corporate news, the Banking Code Compliance Committee alleged that Bank of Queensland (ASX:BOQ) charged AU$158,834 in fees and interests to dead customers' accounts between 2019 and 2023, multiple media outlets reported Thursday.

Latin Resources (ASX:LRS) said the requisite majorities of its shareholders voted for the proposed acquisition of the company by Pilbara Minerals (ASX:PLS) via a scheme of arrangement, according to a Thursday filing with the Australian bourse.

Elsewhere, Aussie Broadband (ASX:ABB) Chief Executive Brian Maher will be appointed as group CEO from March 1, per a Friday Australian bourse filing.

Australia's benchmark index rose 1.4%, or 113.70 points, Thursday to close at 8,327.

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Thursday's data showed that US retail sales rose 0.4% in December 2024, lower than Bloomberg's consensus for a 0.6% increase.</p><p>In corporate news, the Banking Code Compliance Committee alleged that Bank of Queensland (ASX:BOQ) charged AU$158,834 in fees and interests to dead customers' accounts between 2019 and 2023, multiple media outlets reported Thursday.</p><p>Latin Resources (ASX:LRS) said the requisite majorities of its shareholders voted for the proposed acquisition of the company by Pilbara Minerals (ASX:PLS) via a scheme of arrangement, according to a Thursday filing with the Australian bourse.</p><p>Elsewhere, <a href=\"https://laohu8.com/S/ABB.AU\">Aussie Broadband</a> (ASX:ABB) Chief Executive Brian Maher will be appointed as group CEO from March 1, per a Friday Australian bourse filing.</p><p>Australia's benchmark index rose 1.4%, or 113.70 points, Thursday to close at 8,327.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BOQ.AU","symbol_name":"BANK OF QUEENSLAND LTD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2504392930","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2504392930","pubTimestamp":1737066708,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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