Australian equities are poised to open higher on Thursday as Wall Street managed to overcome tech giant Alphabet's disappointing earnings.
Alphabet ended the day nearly 7% down after its quarterly revenue missed analysts' expectations.
In the ongoing global tariff dispute, the World Trade Organization said China has initiated a complaint against US President Donald Trump's tariffs while imposing retaliatory levies on the US.
Nasdaq Composite closed 0.2%, the S&P 500 gained 0.4%, and the Dow Jones Industrial Average rose 0.7%.
On the local economic front, the international goods report for December 2024 is due for release at 11:30 am Sydney time.
In corporate news, REA Group (ASX:REA) reported Thursday that its earnings per diluted share in the fiscal first half rose to AU$3.339, from AU$0.964 per diluted share a year earlier.
Beach Energy (ASX:BPT) reported fiscal first-half earnings of AU$0.0974 per diluted share, compared with a loss of AU$0.1514 per diluted share a year earlier.
Australia's benchmark index rose 0.5%, or 42.90 points, Wednesday to close at 8,416.90.
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