Australian shares are expected to open higher, looking to regain all ground lost in two consecutive weeks of losses
Australian shares are expected to open higher, looking to regain all ground lost in two consecutive weeks of losses. Local share futures were up 0.6% ahead of Monday's open, suggesting the S&P/ASX 200 would start the new trading week higher. The benchmark index fell 0.1% last week and has fallen 0.5% over the past two weeks. Before the market opened, diversified miner South32 said its output of several commodities exceeded annual production expectations. Investors this week are likely to focus on June unemployment data released on Thursday, which could influence the Reserve Bank of Australia's interest rate considerations.