Higher start for Aussie shares despite a mixed Wall Street

The news: Tuesday trade on the Australian sharemarket looks set to start with stocks rising, despite a mixed performance from US markets overnight. US jobs data showed the number of available positions fell in October to the lowest level since early 2021, bolstering the likelihood of a Federal Reserve rate cut.

The numbers: In late trading, the Dow Jones Industrial Average was down 58 points, or 0.16%, to 36,146. The broader S&P 500 index was basically unchanged at 4,570 points. The technology focused Nasdaq was higher by 33 points, or 0.24%, to 14,219.

On the domestic market, the ASX 200 futures was up 33 points, or 0.46%, to 7110. The Aussie dollar was lower and buying 65.53 US cents.

The context: While the Reserve Bank on Tuesday left the cash rate steady, the Federal Reserve has its rates decision next week. The comprehensive non-farm payrolls report for November, due later this week, will offer greater clarity on the state of the US jobs market.