Driven by the resources sector, the Australian stock market continued its strong momentum in the previous week, and the S&P / ASX 200 index rose 16.8 points to 6,756 points.
After the United States said that it has made progress in reaching a trade agreement with China, on Tuesday night, Australian Reserve Bank (RBA) President Philip Lowe will give an annual speech at the Australian National University. Oil and gas producer Beach Energy rose 2.13% to 2.40 yuan. The road to a new record for S&P / ASX 200 has also become clearer. National Bank (NAB) economist Kaixin Owyong said in a report: “We believe that he may further develop his recent view that in order to avoid risks, it is more difficult for the Reserve Bank to use monetary policy to stimulate the economy.”
