Flat share market expected at open

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The Australian share market is expected to open only slightly higher on Monday despite a surge on Friday and a rally on Wall Street

.The ASX is expected to be led this week by labour force figures.The spotlight this week will predominantly be on the retail sector, following strong gains last week after Prime Minister Scott Morrison announced a staged easing of coronavirus restrictions.Advertisement

Consumer confidence for May will also be released by Westpac later in the week. After a fall of 17.7 per cent in April, AMP chief economist Shane Oliver said he expected a small increase this month. "I think both surveys will show some improvement but they're still going to be pretty weak," he said. "They've been talked about for a long time now so it should already be factored into the share market thinking," he said.

 

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This aged well.

Strange they report something they know nothing about

Not accurate, futures not good over weekend.

You stated the same thing on Friday and the ASX closed at 28 points.

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