Australian Stocks to Gain, Climate Talks, Tariff Latest
Signage at the Australian Securities Exchange.
Photographer: Brendon Thorne/BloombergGood morning, it’s Ainslie here in Sydney, with all the news about Katy Perry going to space. But first...
Today’s must-reads:
• Australian stocks to climb
• Adelaide picked for potential climate talks
• Wall Street traders’ biggest ever quarter
Australian stocks look set to open higher this morning, after a positive Monday in US markets. Stocks and bonds in the US notched twin rallies after a wild week in the grip of President Trump’s trade war. The S&P 500 gained almost 1%. Apple extended a two-day surge to more than 6% to lead gains in megacaps.
Adelaide will host the COP31 global climate conference in 2026 if Australia’s government wins reelection and succeeds in a joint bid with Pacific nations to stage the UN-backed summit. “It’s an economic boost for wherever it’s held,” Prime Minister Anthony Albanese said Monday on a campaign stop in the city of about 1.5 million people in South Australia-state.