Australian shares set for positive start

Australia’s share market is set for a positive start to the week, getting a bounce from strong US jobs data.

It comes after a rally on Wall Street and European markets in response to stronger than expected American payroll numbers and falling unemployment.

The ASX is looking to a positive start to the week. . Credit:Peter Braig

“That reduced some of the worries about the US economy and at the same time there was a more positive comment out of the US government regarding progress on trade talks with China,” AMP Capital’s chief economist Shane Oliver said on Sunday.

Following the global lead, ASX200 futures rose 35 points or 0.5 per cent, pointing to a positive start to trade for the Australian share market on Monday.


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