Australian shares are poised to jump more than 1 per cent as US stocks surged on record profits at four of America’s largest banks, and as US consumer prices cooled, easing concern about inflation.
ASX futures were up 122 points, or 1.5 per cent, at 7.10am AEDT. The S&P 500 was set to close 2 per cent higher near close of trading on Wednesday. The US 10-year Treasury yield fell to 4.7 per cent.
Source: https://www.afr.com/markets/equity-markets/asx-to-leap-wall-street-surges-on-banks-rate-bets-20250116-p5l4qy