End-of-day summary:
The share market closed at its highest in more than a week after benign US inflation data bolstered expectations for rate cuts later this year.
The ASX 200 climbed 68 points or 0.86% to 7990. A broad rally lifted all 11 sectors. Rate-sensitive tech and property stocks were among the day's best after a report on Friday showed annual US inflation ticked lower last month. The S&P 500 responded with a rise of 1.11%.
The week ahead is notable for a string of potential risk events, including Australian inflation data, a US rates decision and employment report, and trading updates from several Wall Street heavy hitters, including Apple, Microsoft, Meta and Amazon.
