The Australian sharemarket is set to make a strong comeback on Monday after a broad rally on Wall Street, buoyed by the prospect that the US Federal Reserve could deliver an interest rate cut next month after all. Futures for the S&P/ASX 200 Index point to a 92-point jump at the open to climb 1.1 per cent to 8519. That’s after almost $40 billion was erased on Friday after a stronger-than-expected US jobs report dampened rate cut hopes in America.
Source: https://www.afr.com/markets/equity-markets/asx-to-jump-as-rate-cut-hopes-nvidia-buoy-wall-street-20251123-p5nhqk