2202 GMT - Australian stocks are set to open in the red, with ASX futures down by 0.9% before the bell. The benchmark S&P/ASX 200 is likely to take cues from Wall Street, where U.S. stocks slid Friday as strong labor data made more rate cuts seem less likely. A strong greenback will weigh on some mining stocks, although gold producers have tailwinds from gains in the price of that metal. Ahead of the open, Insignia Financial said Bain Capital has matched a US$1.8 billion takeover offer by CC Capital Partners. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 12, 2025 17:02 ET (22:02 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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