Australian shares are poised to rise on Thursday as global markets respond to the imminent end of the longest US government shutdown in history.
Gold prices surged and US Treasury yields slipped ahead of the House vote, raising expectations for fresh economic data and a possible US Federal Reserve rate cut in December.
Overnight, the S&P 500 and the Dow Jones Industrial Average rose 0.1% and 0.7%, respectively, while the Nasdaq Composite fell 0.3%.
In the macroeconomy, the labor force report is due at 11:30 am Sydney time.
In corporate news, Xero (ASX:XRO) reported Thursday fiscal first-half earnings of NZ$0.83 per share on revenue of NZ$1.19 billion, compared with earnings of NZ$0.62 on revenue of NZ$995.9 million a year earlier.
Orica (ASX:ORI) reported Thursday fiscal 2025 earnings of AU$1.118 per share, before individually significant items, on revenue of AU$8.15 billion, compared with earnings of AU$0.864 on revenue of AU$7.66 billion a year earlier.
Australia's benchmark index fell 0.2% or 19.3 points to close at 8,799.50 on Wednesday.
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