Australian shares are set to open lower, despite a continued rally for US stocks.
ASX futures were down 0.41% or 35 points as of 8:30am on Thursday, suggesting a lower open.
US stock indexes added to their recent rally helped by gains in AI-linked stocks after the leaders of SoftBank, Oracle and OpenAI, standing alongside President Trump, pledged $500 billion in artificial-intelligence investment in the U.S.
Nvidia and Microsoft, which will also be involved, rose over 4% and ARM jumped 16%. Netflix rose 9.7% after the streaming company reported strong earnings. Procter & Gamble gained 1.9% after posting solid results while Johnson & Johnson lost 1.9% as its sales outlook disappointed.
DJIA rose 130 points, or 0.3%, to 44,156, the S&P 500 gained 0.6% to 6,086 and the Nasdaq jumped 1.3% to 20,009.
In commodity markets, Brent crude oil was down 0.43% to US$78.95 a barrel, while gold was up 0.41% to US$2,756.04.
The Australian dollar was at 62.73 US cents, up from its previous close of 62.71.