The Australian sharemarket is poised to retreat on Monday as investors turn increasingly negative on already bruised mining companies after authorities in China failed to impress with their latest stimulus package.
Futures indicate the S&P/ASX 200 will fall 0.4 per cent, or 36 points, at the opening bell on Monday. It rallied 2.2 per cent last week, the best winning streak since mid-August, tracking Wall Street higher on expectations of lower interest rates under a second Donald Trump presidency.
Source: https://www.afr.com/markets/equity-markets/asx-to-open-lower-as-beijing-stimulus-plans-fail-to-excite-investors-20241110-p5kpbi