NewsBite

ASX set to rise as inflation data, oil decision points way on rates

Cecile Lefort

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.

Loading...
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

Read More

Latest In Equity markets

Fetching latest articles

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/equity-markets/asx-poised-to-rise-as-inflation-data-oil-decision-points-way-on-rates-20231126-p5emtf