The ASX200 is expected to rise 0.87% on Monday, buoyed by stronger performances on US markets at the end of last week. US stocks rose on Friday as inflation data boosted expectations of a potential rate cut by the Federal Reserve in September. The S&P 500 closed 1.1% higher, the Nasdaq 100 also lifted 1%, and the Dow saw a significant rise of 654 points. This sentiment was underpinned by figures from the PCE reading – preferred by the Fed as a gauge of inflation – which were largely in-line with expectations, although showing a rise in the core rate of 0.2%, slightly above the expected 0.1%. I…
