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The ASX200 is set to open 0.43% higher on Wednesday, following the Reserve Bank’s decision yesterday to cut the cash rate by 0.25% to 3.85, and despite a slightly negative performance on US markets overnight.
US stocks ended the night lower on Tuesday. The S&P 500 breaking a six-day winning streak with a fall of 0.4%, while the Nasdaq fell by the same amount, and the Dow Jones lost 114 points.
On the ASX, James Hardie released its earnings for the 2025 fiscal year, saying that adjusted EBITDA (earnings before interest, taxes and amortization) had dropped 4% to $1.1 billion, based on a drop in net sales.
Meanwhile, Minerals 260 Ltd (ASX:MI6) has sold the Aston lithium-REE project in Western Australia, and Mineral Resources Ltd (ASX:MIN) has updated its iron resource and reserve at Onslow iron project.
One Aussie dollar is buying 64 US cents.
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