Australian shares are poised to open modestly higher, with futures reversing direction, even as Wall Street struggled to push higher. Megacap techs, which have propelled the market’s strong year-to-date advance, pared some of their gains.
Local investors will be paying close attention to Guzman y Gomez which surged 36 per cent to $30 on its first day of trade on Thursday.
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Timothy Moore writes on monetary policy, equities, commodities and currencies. He is the overnight markets editor and writes Before the Bell. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
