The Australian sharemarket edged higher in a lacklustre session as investors await key inflation data out of the US on Wednesday to help gauge whether the Federal Reserve is near it’s peak cash rate.
Gains among mining companies helped to offset losses in the energy sector despite the higher oil price. The benchmark S&P/ASX 200 Index added 14.6 points, or 0.2 per cent, to 7206.9 at the close. The All Ordinaries also climbed 0.2 per cent.
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Sarah Jones is the markets editor at The Australian Financial Review. She is based in the Sydney newsroom. Connect with Sarah on Twitter. Email Sarah at sa.jones@afr.com
