The Australian sharemarket is set for a positive start to the week after US stocks rebounded as oil prices eased and an update on inflation across the United States came in close to economists' expectations.
The S&P 500 climbed 0.9 per cent and snapped a four-day losing streak, its longest since June, while the Dow Jones Industrial Average jumped 509 points, or 1 per cent.
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Inflation and oil prices affect global markets
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