Australian shares will snap a five-day rally on Thursday, as traders prepare for a forecasted increase in retail sales that casts doubt on an interest rate cut coming as soon as next month.
Futures indicate the S&P/ASX 200 will open 44 points, or 0.5 per cent, lower. The Australian dollar fell 0.3 per cent overnight to trade at US62.18¢.
Source: https://www.afr.com/markets/equity-markets/asx-to-fall-20250109-p5l2zx