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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.