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Commodities

ASX Set to Pull Back as Investors Eye Fed Decision and Tech Earnings

Guavy AI Editorial Team
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Oil Copper
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The Australian sharemarket is expected to pull back after its strong gains on Monday, with futures pointing to a fall of 31 points, or 0.4%, at the open.

Investors are keeping an eye on comments from RBA governor Michele Bullock and will be watching for the US Federal Reserve's decision on Wednesday.

The ASX posted its strongest session since mid-June as oil prices retreated after reports of a pause in hostilities between the US and Iran.

Mining heavyweights BHP and Rio Tinto led the market higher, with materials stocks gaining 2.4%, despite steady copper and iron ore prices.

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