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Australian shares have rallied after the Reserve Bank announced a widely expected interest rate cut, which will provide relief to thousands of businesses.
US stocks ended the week on a quiet note after oscillating between slight gains and declines, as investors gauged president Donald Trump's comments on Chinese tariffs ahead of weekend trade talks between the two countries.
Wall Street stocks advanced on Friday, notching the second straight week of gains, helped by strong economic data and potential easing of trade tensions between the US and China.
US stocks advanced overnight, with the Dow and S&P 500 posting their eighth straight session of gains after strong results from megacaps Microsoft and Meta eased concerns about artificial intelligence spending.
The Australian share market has risen for a fifth-straight session and closed the month higher, as hopes of an interest rate cut narrowed on favourable inflation data.