The Aussie sharemarket is expected to fall sharply on Monday after US shares plunged on Friday. According to the latest SPI futures, the S&P/ASX 200 index is expected to drop 331 points or 4.5% to 7,388 points at Monday’s open. #ausecon#auspol
Aussie shares were expected to open higher on Monday with miners likely gaining on fresh stimulus from iron ore consumer China, while investors await a domestic inflation report due this week for clues on central bank's rate outlook. The local share price index futures rose 0.8%.