Australia stocks rise as Wall Street stages a sharp recovery; most Asia markets closed for holiday
Published On Jan 28, 2025, 6:55 PM
Australia's stock market has opened higher, reflecting a rebound in the U.S. markets led by technology shares. The Nikkei 225 in Japan is expected to open higher as well. While most Asian markets remain closed for the Lunar New Year, Australia's stock market is responding positively as it anticipates upcoming inflation data.
Stock Forecasts
EWA
Positive
Australia's market showing strength after a prior decline and the U.S recovery in key indexes suggest a positive momentum, especially supported by technology stocks like those in the S&P 500.
XLK
Positive
The anticipated inflation data may affect market sentiment; however, initial trends suggest confidence in recovery opportunities, particularly in technology.
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