ASX Preview: Australian Shares Set to Rise on Easing Tensions, Lower Oil Prices; Transurban Group Posts Mixed Fiscal 2025 Results

MT Newswires Live
Aug 20

Australian shares are poised to rise on Wednesday, supported by easing geopolitical tensions following signs of diplomatic progress in the Russia-Ukraine conflict, while falling oil prices resulting from reduced sanction risks on Russian crude added to positive global sentiment.

Overnight, the S&P 500 and the Nasdaq Composite fell 0.6% and 1.5%, respectively, while the Dow Jones Industrial Average gained 0.02%.

In the macroeconomy, investors are eyeing speeches by Reserve Bank of Australia Assistant Governors Michelle McPhee and Brad Jones.

In corporate news, Transurban Group (ASX:TCL) reported Wednesday fiscal 2025 earnings of AU$0.043 per stapled security on proportional toll revenue of AU$3.73 billion, compared with earnings of AU$0.106 on proportional toll revenue of AU$3.54 billion a year earlier.

James Hardie Industries (ASX:JHX) reported Wednesday fiscal first quarter adjusted earnings of $0.29 per share on net sales of $899.9 million, compared with adjusted earnings of $0.41 on net sales of $999.9 million a year earlier.

Australia's benchmark index fell 0.7% or 63.1 points, to close at 8,896.20 on Tuesday.

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