Australian share prices are set to rise on Wednesday, tracking the path of stocks in the United States, but market conditions remain choppy as investors watch interest rates developments and await tariff news.
At 9:30 am AEDT (10:30am GMT) the S&P/ASX 200 June share price contract was trading up 29 points (0.36%) from the previous settlement at 7,886.
Weaker-than-forecast data could not prevent two U.S. stock indices finishing higher on Tuesday (Wednesday AEDT) as market participants waited for President Donald Trump to announce more tariffs.
The Dow Jones Industrial Average was the exception, losing just 0.03% but the S&P 500 put on 0.4% and the Nasdaq Composite rose 0.9%.
The Australian market had closed higher on Tuesday after the Reserve Bank of Australia (RBA) kept official interest rates on hold.
The S&P/ASX 200 added 1% to 7,925.2 points as all 11 sectors finished higher.
For a guide on where Australian interest rates are headed, markets will be watching comments by RBA Assistant Governor (Financial Markets) Christopher Kent, who is scheduled to speak today.
ARB Corp and Harvey Norman trade ex-dividend today.
In fixed interest markets, Australian Treasury bond yields firmed with the 10-year rate rising 0.41% to 4.366% and the two-year rate gaining 0.3% to 3.665%.
