ASX set for muted open

Australian shares are poised for a flat open. Shares were lower in late trade in New York as the US reporting season kicked off cautiously and December’s CPI data failed to move the needle on bets for lower interest rates.

Also not helping sentiment on Wall Street, President Donald Trump called the North American trade pact between the US, Canada and Mexico “irrelevant” and reiterated his contempt for Federal Reserve chairman Jerome Powell.

Source: https://www.afr.com/markets/equity-markets/asx-to-edge-higher-s-and-p-500-drifts-lower-20260114-p5nttt