Australian shares are poised to fall as markets parse the Federal Reserve’s projections of fewer-than-expected interest rate cuts and higher inflation next year.
ASX futures were down 49 points or -0.6 per cent near 8am AEDT. The Australian dollar climbed 0.4 per cent to US62.42¢ as the US dollar fell.
Source: https://www.afr.com/markets/equity-markets/asx-to-drop-as-wall-street-s-santa-rally-falters-20241220-p5kzv4