Australian shares are poised to open lower, in line with overall weaker sentiment on Wall Street as investors await more insight from policymakers, Nvidia’s quarterly results and price data on Friday.
Among the key results expected on Tuesday are G8 Education and Coles Group. You can follow The Australian Financial Review’s reporting season coverage here. Woolworths is set to report on Wednesday.
The rally sparked by Federal Reserve chairman Jerome Powell on Saturday has lost steam, as traders opt for a more nuanced take on his apparent openness to resuming rate cuts as early as next month. The view generally is that while the Fed may cut rates in mid-September, that would not necessarily mark the start of a broader period of easing.
Source: https://www.afr.com/markets/equity-markets/asx-to-slip-g8-and-coles-poised-to-report-20250826-p5mprg