Australian shares are expected to open lower Thursday after Wall Street ended its short-lived rally, with investors looking for a catalyst amid persistent concerns about inflation and the economy.
In macroeconomic news, consumer inflation expectations for May will be released at 11 am and the closely watched unemployment rate for April at 11:30 am Sydney time.
Overnight, the Nasdaq Composite advanced 0.7%, while the S&P 500 and the Dow Jones Industrial Average were little changed.
In a speech, US Federal Reserve Vice Chair Philip Jefferson said there is "much uncertainty" surrounding the inflation path, warning that progress on disinflation would be derailed if higher tariffs were sustained.
In corporate news, Unibail-Rodamco-Westfield (ASX:URW) expects higher like-for-like net rental income between fiscal 2025 and fiscal 2028, driven by increased footfall, improved sales intensity, and higher minimum guaranteed rents in both Europe and the US, according to a Wednesday filing with the Australian bourse.
Elsewhere, Wildcat Resources (ASX:WC8) Chief Financial Officer Tim Manners resigned to pursue other opportunities, according to a Wednesday filing.
Australia's benchmark index was little changed at 8,279.60 on Wednesday.
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