A six-day winning streak is set to end on the Australian Securities Exchange (ASX) on Thursday in the wake of a mixed night on Wall Street where investors awaited more trade and economic news.
At 9:05 am AEST (11:05 pm GMT Wednesday) the S&P/ASX 200 June share price index contract was 36 points (0.4%) below the previous settlement close of 8,271 points.
Two of the three United States benchmarks finished in positive territory on Wednesday (Thursday AEST) as investors monitored tariff developments from President Trump’s visit to the Gulf region and awaited fresh economic information.
The Dow Jones Industrial Average lost 0.2% while the S&P 500 edged up by just 0.1% and the Nasdaq Composite put down 0.7%.
Australian shares reached a new three-month high on Wednesday as the S&P/ASX 200 gained 0.1% to 8,279, boosted by the energy and technology sectors and despite weak financial and consumer stocks.
Keep an eye on GrainCorp (ASX: GNC), Tamboran Resources (ASX: TBN) and Xero (ASX: XRO), Resolute Mining (ASX: RSG), which have published results, while Ampol (ASX: AMP), Atlas Arteria (ASX: ALX), oOh!media (ASX: OML) and Resolute Mining (ASX: RSG) hold annual general meetings, according to CommSec.
Other stocks to watch are Commonwealth Bank (ASX:CBA) in the wake of its quarterly profit increase yesterday and Macquarie Group (ASX: MQG) which is facing regulatory action on a number of fronts.
Energy majors like Beach Energy (ASX: BPT) and Santos Ltd (ASX: STO) may come under pressure following a fall in crude oil prices overnight.
On fixed interest markets, the Australian Government bond yield steepened with 10-year rates adding 0.84% to 4.555% and two-year rates dropping 0.14% to 3.610%.
