The Australian sharemarket is set to resume its advance after US investors, emboldened by the prospect of further interest rate cuts from the Federal Reserve, continued to pile back into Wall Street.
Futures for the S&P/ASX 200 Index suggest a robust start to the week for the local bourse, climbing 24 points, or 0.3 per cent, to 8852 and extending Friday’s rally. The gauge has still fallen for three consecutive weeks amid a bout of profit-taking after the August reporting season.
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