Australian shares are set to open higher, helped by Donald Trump pressing for lower oil prices and lower interest rates. Follow updates here.
Australian shares are set to open higher, after President Donald Trump urged OPEC to lower crude prices and said he will push for interest-rate cuts. US equities held near record highs. Trump also used a virtual speech to the world’s top executives attending the annual Davos summit to reiterate his threat to use tariffs to bring manufacturing back to the US. US shares opened lower earlier in part because of renewed concerns about whether high expectations for artificial intelligence can be met.
64% Australia 4.47%Today’s agenda The focus is on the Bank of Japan’s policy meeting. There also is an early 2025 check on growth in some of the world’s most developed economies, with reports on January manufacturing and services activity in the EU, UK and US to be released later on Friday.
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