The Australian stock market is currently trading significantly higher on Monday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 7,800.
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Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as traders reacted to mixed US monthly jobs data and are cautious ahead of the release of key US inflation data on Tuesday that could have a more profound impact on the outlook for interest rates.
Adding to the gains in the previous session, the Australian stock market is slightly higher on Friday, following the broadly positive cues from Wall Street overnight.