Investors can look forward to the rally in Australian share prices continuing on Wednesday, boosted by a positive performance by Wall Street stocks led by technology giant Nvidia.
Among the stocks to follow today are Qantas Airways (ASX: QAN) in the wake of news its competitor Virgin Australia has officially launched its $685 million initial public offer (IPO).
Futures trading flagged a higher start on the Australian Securities Exchange (ASX) with the S&P/ASX 200 June share price index contract trading 23 points (0.27%) above the previous settlement at 8,507.00 at the time of writing.
United States stock indexes had closed higher on Tuesday (Wednesday AEST), helped by gains in Nvidia and other computer chipmakers as investors waited for more news of trade negotiations between the U.S. Government and its trading partners.
The Dow Jones Industrial Average ended 0.5% higher, the S&P 500 added 0.6% and the Nasdaq Composite jumped 0.8%.
The Australian sharemarket hit a new three-month high on Tuesday as the S&P/ASX 200 increased by 0.6% to 8,466.7 with nine of the 11 sectors showing gains.
In the fixed interest markets, Australian Government 10-year bond yields rose by 0.12% to 4.263% while two-year rates lost 1.18% to 3.263%.
