Australian shares are poised to rise at the open after Wall Street reversed a five-session losing streak on Friday that had shaved almost $US1 billion ($1.6 billion) off the greenback’s market capitalisation.
ASX futures predicted the S&P/ASX 200 index would rise 23 points, or 0.3 per cent, at the open, extending last week’s reversal in the sharemarket. Following losses earlier in the holiday-shortened week, the domestic index moved higher on Thursday and Friday, boosted by a rally in energy stocks, to close with a flat four-day return.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-as-wall-street-bounces-back-20250104-p5l21e