Australian shares are poised to rise on Wednesday, supported by expectations of further monetary easing after the Reserve Bank of Australia cut interest rates for the third time this year and signaled more cuts may be needed to support inflation and employment.
Overnight, the S&P 500 and the Dow Jones Industrial Average each rose 1.1%, while the Nasdaq Composite gained 1.4%.
In macroeconomy, the lending indicators and wage price index reports are due at 11:30 am Sydney time.
In corporate news, Commonwealth Bank of Australia (ASX:CBA) reported Wednesday fiscal second-half cash earnings of AU$3.058 per share on revenue of AU$14.37 billion, compared with cash earnings of AU$2.874 on revenue of AU$13.53 billion a year earlier.
AGL Energy (ASX:AGL) reported Wednesday fiscal year 2025 underlying earnings of AU$0.948 per share on revenue of AU$14.39 billion, compared with underlying earnings of AU$1.204 on revenue of AU$13.58 billion a year earlier.
Australia's benchmark index rose 0.4% or 36 points, to close at 8,880.80 on Tuesday.
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