Australia Shares Poised to Drop, Taking Cue From Wall Street -- Market Talk

Dow Jones

2024/12/19

2220 GMT - Australia's S&P/ASX 200 is ready to fall at the open, following U.S. stocks lower after the Fed reeled in expectations for rate cuts next year. ASX futures are down by 1.5%, suggesting the benchmark index will add heartily to Wednesday's 0.1% fall. Before the bell, Paladin Energy said it has got the final regulatory clearance it needs to complete a takeover of TSX-listed Fission Uranium. Another uranium stock, Deep Yellow, said it is deferring the final investment decision on its Tumas project until early March, citing delayed costings and quotes.(rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

December 18, 2024 17:20 ET (22:20 GMT)

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