ASX Preview: Australian Shares to Open Higher Amid Mixed Wall Street Session as Investors Await Key Earnings Reports

MT Newswires Live
04-29

Australian shares are expected to open higher Tuesday after a mixed session on Wall Street ahead of big corporate earnings results later in the week.

Reserve Bank of Australia Assistant Governor Christopher Kent is set to deliver a keynote speech in Sydney slightly past 12 noon.

Overnight, the Dow Jones Industrial Average advanced 0.3%, while the S&P 500 and the Nasdaq Composite finished flat.

In tariff news, China reiterated that no talks are being held with the US amid mixed signals from the White House on the prospects of trade negotiations.

"Let me make it clear one more time that China and the US are not engaged in any consultation or negotiation on tariffs," Chinese Foreign Ministry spokesman Guo Jiakun said at a press conference as quoted by CNBC on Monday.

Against the backdrop of global uncertainties, corporate America is set to deliver a slew of earnings results later this week. Investors will keep an eye out on the latest performances of tech giants Apple, Microsoft, Meta, and Amazon, among others.

In Australian corporate news, the Federal Court approved the proposed scheme of arrangement under which Selfwealth (ASX:SWF) will be acquired by Svava, the holding company of the Syfe Group, according to a Monday filing with the Australian bourse.

Brisbane Broncos (ASX:BBL) disclosed the Australian Rugby League Commission's agreement with the government to fund a 10-year Pacific Rugby League Partnership, under which AU$4 million will be payable to the 17 existing National Rugby League Clubs, according to a Monday filing.

Australia's benchmark index rose 0.4%, or 28.90 points, to close at 7,997.10 on Monday.

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