Overview
Australian shares are set to open higher, taking direction from Wall Street after November CPI data helped to revive hopes for a January US rate cut. Tesla paced each of the seven mega-cap techs higher.
The S&P 500 was up 0.9 per cent near at 3.22pm in New York, bolstered by Micron Technology’s post-results surge. Core consumer prices rose 2.6 per cent in November from a year ago. The overall CPI climbed 2.7 per cent last month from the year before.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-wall-st-lifts-on-revived-rate-hopes-20251219-p5nowe