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Live updates: Australian share market to rise, Wall Street ends sharply higher

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A rally on Wall Street is likely to send Australian stocks higher, while oil prices ease on lessening fears about the Israel-Gaza war disrupting supply from the region. Follow the latest updates in our live blog.

A rally on Wall Street is likely to send Australian stocks higher, while oil prices eased on the lessening of fears about the Israel-Gaza war disrupting supply from the region.Disclaimer: thisOn Wall Street: Dow up 1.6 per cent, S&P 500 up 1.2 per cent, Nasdaq up 1.2 per cent.Spot gold: Down 0.5 per cent to $US1995.85 an ounceWall Street bounces, powered by earnings momentum

Interest-rate-sensitive megacap stocks, led by Microsoft, Amazon, and Apple provided the most upside muscle. Analysts now expect, on aggregate, annual third-quarter S&P 500 earnings growth of 4.3 per cent, a marked improvement over the 1.6 per cent year-on-year growth seen at the beginning of October.

On Tuesday, the Federal Open Markets Committee is expected to convene for a two-day monetary policy meeting, which is expected to culminate in a decision to let the Fed funds target rate stand at 5.25-5.50 per cent.

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Wall Street Rally Expected to Boost Australian StocksA rally on Wall Street is likely to send Australian stocks higher, while oil prices eased on the lessening of fears about the Israel-Gaza war disrupting supply from the region.
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