Aussie sharemarket set to open higher
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The news: The Australian sharemarket is set to rise following gains on Wall Street.
The numbers: The Dow Jones index gained 0.62% to 35,163.86, while the broader S&P 500 advanced 0.76%, and the technology-focused Nasdaq rose 1.09%. In the local market, ASX 200 futures rose 24 points or 0.34% higher, to 7106.
The context: The Nasdaq led gains as Microsoft climbed on news that former OpenAI head Sam Altman will join the software giant. Meanwhile investors awaited more clues on when the Federal Reserve might begin cutting interest rates. In the local market, the RBA will release minutes from its November board meeting, which will add context to its call to hike interest rates. Public speeches by RBA governor Michele Bullock could shed light on the central bank's assessment of the economic conditions and likely trajectory for interest rates. Employee earnings data will also be released on Tuesday. The Aussie dollar is at 65.63 US cents.
