A weakening labour market combined with rising inflation in the United States has all but cemented expectations for the Federal Reserve to make its first interest rate cut since President Donald Trump resumed office.
Futures suggest the S&P/ASX 200 Index will open 20 points, or 0.2 per cent, lower to pare gains made from Friday’s rally. But investors remain confident that, despite stretched valuations and ongoing tariff risks, the medium-term outlook for Australian shares is positive amid a rate reduction cycle.
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