Australia Shares Set to Rise After Strong U.S. Lead -- Market Talk

Dow Jones

03/17

Australia's S&P/ASX 200 looks set to rise at the open, building on strong momentum by U.S. stocks at the end of last week. ASX futures are up by 1.1% ahead of Monday's session, suggesting that the benchmark index will pare the hefty losses it has compiled across four consecutive weekly declines. The ASX 200 edged 0.5% higher on Friday, but is still almost 9% down since closing at a record on Feb. 14. Ahead of the open, National Australia Bank appointed Andrew Auerbach to lead its key business-banking division. NAB's CFO quit to join rival Westpac. Ramelius Resources said it had agreed to acquire gold explorer Spartan Resources. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

March 16, 2025 18:19 ET (22:19 GMT)

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