Australian shares are poised to rise on Monday as investors wait on new inflation data – and whether oil production will fall – to guide their forecasting on whether the Reserve Bank will hike interest rates again.
ASX futures suggest shares will open 0.2 per cent higher, setting the stage for a strong recovery in November. The S&P/ASX 200 is on course for its biggest monthly jump since January, up 3.8 per cent.
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Cécile Lefort is a markets reporter based in the Sydney newsroom. Cécile worked in New York and Hong Kong writing about global capital markets. Email Cecile at cecile.lefort@afr.com