Australian shares are expected to start the day higher ahead of the Reserve Bank's policy meeting to raise interest rates.
US stocks and oil prices jumped on Monday as investors kicked off the final quarter of the year with a close eye on any potential economic slowdown.
"High inflation is the reason why the Fed is tightening monetary policy and considering the fall in prices paid, we could be witnessing further signs that we are beyond peak inflation." "With the job market still looking quite tight and wage growth strong, it will take more than these soft monthly indicators to take the Fed off the inflation-fighting warpath," Bill Adams, chief economist for Comerica Bank, said.Crude prices jumped after the Organisation of the Petroleum Exporting Countries and its allies, a group known as OPEC+, said it would consider reducing output.
Credit Suisse tumbled nearly 1 per cent, reflecting market concern about the Swiss bank as it finalises a restructuring due to be announced on October 27.helped push down yields on the benchmark US 10-year Treasuries, which were last yielding 3.6406 per cent.
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