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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.