A rally in energy and mining companies lifted the Australian sharemarket on Monday as investors await the outcome of trade talks between the US and China held over the weekend.
The S&P/ASX 200 Index rose 2.3 points – less than 0.1 per cent to 8233.5 points at the market close, after earlier rising as much as 0.6 per cent. The All Ordinaries also rose 0.1 per cent. Seven of 11 sectors were in the green, with energy leading the gains.
US stock futures set a hopeful tone as investors geared up for an update from American officials, expected on Monday, on the outcome of negotiations between Washington and Beijing in Geneva.
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