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US Jobs Growth Revives Rate Hike Fears as ASX Faces Uncertain Start

Guavy AI Editorial Team
Instruments
USD
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The Australian sharemarket is set for an uncertain start to the week as strong US employment growth has revived fears of a Federal Reserve rate hike.

ASX 200 futures were down just 1 point at 9,002, indicating a broadly flat open. However, this was before weekend tensions between the US and Iran escalated, adding uncertainty to Monday's session.

Oil prices remain elevated due to the ongoing conflict, increasing global inflation and supply-chain risks.

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