Australian shares poised for weak start as wage decision looms

CommSec’s James Gruber claims the Australian share market is poised for a weaker start despite gains on Wall Street overnight as investors await a key Fair Work Commission wage decision. “The Aussie share market is set to fall at the open with index futures down 0.3 per cent; that’s despite a positive lead on Wall Street overnight with the S&P 500 up 0.3 per cent, the Nasdaq 0.4 per cent higher,” Mr Gruber told Sky News Australia. “It was really driven by tech stocks, particularly Nvidia, which unveiled a new AI chip for personal computing … stocks were up over six per cent overnight. “There’s that Fair Work Commission decision out today … on award wages rate … that will be a big one too.” Presented by CommSec.