Australian shares are expected to open slightly higher on Thursday, buoyed by a strong quarterly performance from United States tech giant Nvidia, which boosted sentiment in global equity markets.
At 8:20 am AEST (10:20 pm GMT), ASX 200 futures were up 13 points, or 0.2%.
Nvidia, which dipped 0.5% during regular U.S. trading, jumped 4.5% in after-hours trading. The company delivered a first-quarter result that exceeded expectations and appeared to ease concerns regarding the current quarter.
The Federal Reserve also released minutes from its May meeting overnight. ANZ analysts noted: “Fed minutes signalled that policymakers are worried about the effect of tariffs, which the committee noted were ‘significantly larger and broader than they had anticipated’, on inflation and employment, encompassing both parts of the Fed’s dual mandate.”
Locally, investors are awaiting the release of private capital expenditure data at 11:30 am AEST.
Earnings results due Thursday include Select Harvests, Champion Iron, Goodman Property Trust, Mainfreight and Ryman Healthcare.
Bond markets were largely steady, with 10-year yields at 4.338% and 2-year rates holding at 3.355%.
