The Australian stock market is expected to open higher.
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Glonghui July 27|The Australian stock market is expected to rise in early trading, in line with the strengthening of US stock index futures. Before the market opened on Monday, local stock index futures rose nearly 0.6%, indicating that the S&P/ASX 200 Index will rebound from Friday's 0.75% decline, which ended three consecutive weeks of losses. Before the market opened, Capricorn Metals stated that its goal is to produce 500,000 ounces of gold annually over the next five years. US stock index futures moved higher over the weekend as tensions between the US and Iran eased and oil prices fell. US stocks closed mixed on Friday. The Dow Jones Index rose 0.5%, the S&P 500 Index gained less than 0.1%, and the Nasdaq Composite Index fell 0.6%.
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