Australian shares are expected to open higher Monday as investors track Wall Street's rally last Friday ahead of US President-elect Donald Trump's inauguration and as the Aussie earnings season begins.
US benchmark equity indexes rose last Jan. 17, with the S&P 500 climbing 1%, the Nasdaq Composite advancing 1.5%, and the Dow Jones Industrial Average rising 0.8%.
Trump's inauguration is dominating global headlines this week, with investors all eyes on how the new administration's policies will impact the market.
In corporate news, Djerriwarrh Investments (ASX:DJW) reported earnings of AU$0.0814 for the half-year period ended Dec. 31, 2024, compared with earnings of AU$0.049 a year ago.
Elsewhere, Rio Tinto Group (ASX:RIO) intends to form a lithium unit once its acquisition of Arcadium Lithium (ASX:LTM) is completed, Reuters reported on Jan. 17, citing an internal memo.
South32 (ASX:S32) produced 2.5 million tones of alumina in the first half of fiscal 2025, down 2% from the year-earlier period, according to a Monday filing with the Australian bourse.
Australia's benchmark index was little changed at 8,310.40 on Jan. 17.
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