Australia Shares Poised to Continue Recent Bounce
Australia's S&P/ASX 200 is expected to open higher, indicating positive sentiment in equity markets following the recent attack by Hamas on Israel.
At 2208 GMT, it appears that Australia's S&P/ASX 200 index is poised to open higher, indicating a positive start to the trading week following the recent attack by Hamas on Israel. ASX futures are up by 0.8%, suggesting that the benchmark index will continue its recent rebound. Although the ASX 200 gained 1.0% in the final two sessions of last week, it has experienced three consecutive weeks of losses. Prior to the market open, Fortescue announced a solar-power purchase agreement with Genex. On Friday, the S&P 500 increased by 1.2%, the Dow Jones Industrial Average rose by 0.9%, and the Nasdaq Composite climbed by 1.6%. (EMAIL)