The sharemarket is set to climb on Monday following a strong session on Wall Street amid a softer inflation report that has bolstered expectations of an imminent interest rate cut from the US Federal Reserve.
Futures suggested the S&P/ASX 200 will open 26 points higher, or 0.3 per cent, to 9061 ahead of a pivotal week for financial markets that includes a key inflation report in Australia and a highly anticipated showdown between US President Donald Trump and Chinese counterpart Xi Jinping.
Source: https://www.afr.com/markets/equity-markets/asx-to-rise-after-wall-street-rally-rate-cut-bets-20251026-p5n5d6