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The Australian share market is expected to start the week on a positive note.
According to the latest SPI futures, the ASX 200 is likely to open 19 points or 0.25% higher.
On Wall Street, the Dow Jones rose 0.4%, the S&P 500 climbed 0.35%, and the NASDAQ pushed 0.3% higher.
The Australian share market is expected to start the week on a positive note after US stocks closed higher last week. The market is likely to see heavyweight mining stocks rising due to higher iron ore prices.
According to the latest SPI futures, the ASX 200 is likely to open 19 points or 0.25% higher on Monday. Last Friday, the benchmark index ended slightly lower to 7,493.8 points.
Meanwhile, Reserve Bank of Australia’s (RBA’s) next monthly meeting is due on 5 April and analysts assume rates would be kept at a record low of 0.1%.
On Wall Street, the Dow Jones rose 0.4%, the S&P 500 climbed 0.35%, and the NASDAQ pushed 0.3% higher. The US data released on Friday showed employers added 431,000 jobs in March and the unemployment rate fell to 3.6%, continuing a strong run of hiring that has left key aspects of the American labour market "little different" from where they were before the COVID-19 pandemic.
In Europe, the STOXX 50 rose 0.4%, the FTSE surged 0.3%, the CAC soared 0.4%, and the DAX ended 0.2% higher.
Government bond yields resumed their upward climb on Friday as a key part of the US Treasury yield curve inverted once more on signs of persistent inflation, while falling oil prices ended the week with their sharpest weekly drop in two years.
Against a basket of peers, the US dollar was up 0.23% at 98.546, and it was up 0.6% against the yen at 122.49. The euro was down slightly at US$1.1051.
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