Australian shares are likely to rebound at market open Friday, with investors awaiting a key US employment report following a trading pause on Wall Street overnight.
The household spending indicator for November 2024 is slated for release at 11:30 am Sydney time.
US markets were closed Thursday in honor of former president Jimmy Carter on National Day of Mourning. Markets will shift their focus to the crucial US employment report on Friday as they weigh their rate cut expectations.
In corporate news, global asset manager Brookfield is mulling a takeover bid for Insignia Financial (ASX:IFL), The Australian reported Thursday.
The Australian Securities and Investments Commission (ASIC) alleges that Regional Express Holdings (ASX:REX) knew the financial health of the company was deteriorating after making a profit projection months earlier, The Australian reported Thursday, citing court records.
Australia's benchmark index was down 0.2%, or 19.90 points, Thursday to close at 8,329.20.
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