ASX Preview: Australian Shares Set to Rise Amid Raised US Rate Cut Bets; Fisher & Paykel Posts Improved Fiscal H1 Results

MT Newswires Live
Nov 26

Australian shares are poised to rise on Wednesday after US economic data raised bets for an interest rate cut by the US Federal Reserve in December.

Overnight, the Dow Jones Industrial Average, S&P 500, and the Nasdaq Composite rose 1.4%, 0.9%, and 0.7%, respectively.

In the macroeconomy, the consumer price index report is due at 11:30 am Sydney time.

In corporate news, Fisher & Paykel Healthcare (NZE:FPH, ASX:FPH) reported fiscal first-half earnings of NZ$0.36 per share on revenue of NZ$1.09 billion, compared with earnings of NZ$0.26 per share on revenue of NZ$951.2 million a year earlier.

Select Harvests (ASX:SHV) reported fiscal 2025 attributable earnings of AU$0.2221 per share on revenue of AU$398.3 million, compared with earnings of AU$0.0073 per share on revenue of AU$294.2 million a year earlier.

Australia's benchmark index fell 0.1% or 11.9 points to close at 8,537 on Tuesday.

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