ASX Live: Australian shares to rise, Wall St looks through November payrolls data

Australian shares are set to open higher after the Dow edged up; iron ore extends rally; RBA policy meeting set for Tuesday. Follow updates here.

Shares closed Friday’s session in New York mixed, paring early losses after November’s jobs report left the door open for interest rates to rise higher, days after Federal Reserve chairman Jerome Powell set the stage for a rate step-down.Tesla +0.1% Apple -0.3% Amazon -1.4% Netflix +1.1%Nonfarm payrolls increased by 263,000 jobs last month. Data for October was revised higher to show payrolls rising 284,000 instead of 261,000 as previously reported.

Policymakers meet on December 13 and 14. Attention now shifts to November’s consumer price data due on December 13.

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