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.
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