Australian shares look set to retreat at market open Thursday as investors shrug off gains on Wall Street amid lingering fears over US tariffs.
The weekly payroll jobs report is set for release at 11:30 am Sydney time.
Overnight, the S&P 500 rose 0.6%, the Dow Jones Industrial Average edged 0.3% higher, and the Nasdaq Composite climbed 1.3%. Investors continue to weigh President Donald Trump's recent threats of imposing tariffs on China, Mexico, and Canada as early as Feb. 1.
In corporate news, Coronado Global Resources (ASX:CRN) reported run-of-mine production of 6.9 million tonnes in the fourth quarter of 2024, up 8.8% from 6.3 million tonnes in the third quarter, according to a Thursday filing.
Regis Resources (ASX:RRL) produced 101,294 ounces of gold in the fiscal second quarter ended Dec. 31, 2024, compared with around 95,000 ounces produced in the prior three-month period.
Australia's benchmark index rose 0.3%, or 27.40 points, Wednesday to close at 8,429.80.
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.