The information technology sector advanced over 1% at midday Monday, leading a rally, as expectations of a rate cut from the US Federal Reserve rose after US consumer prices increased slightly less than expected in September. Chinese and US officials sketched out the framework of a potential deal before the US and Chinese presidents meet later this week.

Nuix (ASX:NXL) said that Chief Executive Jonathan Rubinsztein will step down by the end of the month. The company appointed John Ruthven as interim CEO, effective Nov. 3.

On the flip side, the energy sector fell 0.2%.

Viva Energy Group (ASX:VEA) reported total group sales volumes of 4.2 billion liters for the third quarter, up from last year's 4.16 billion liters. Convenience sales for the three months ended Sept. 30 fell to AU$392 million from AU$448 million last year. The company is on track to achieve AU$80 million in synergy and cost-out benefits in 2025.