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The ASX is pipped to rally based on predictions the Reserve Bank will maintain the cash rate when it meets at 2:30 pm Australian Eastern Daylight Time tomorrow, in the wake of better inflation data.

All three US indices finished in the green last week, with the Dow Jones & S&P 500 both up more than .5 per cent with the Nasdaq jumping .8 per cent.

There is mounting conjecture that central banks globally may have concluded their cycle of interest rate hikes.

A typically hawkish US Federal Reserve Governor, Christopher Waller, has indicated the potential for rate cuts in the coming months, with the latest personal consumption expenditure reading coming in below expectations.

Back home, graphs on the Australian economy and financial markets are due out this week and a speech by the RBA’s Head of Financial Stability, Andrea Brischetto, is also scheduled.

It’s a big day for Origin Energy (ASX:ORG) with the vote around the Brookfield and EIG North American consortium’s latest bid for the company, although shareholders – including AustralianSuper – are expected to vote against the $20 billion takeover.

The Aussie dollar reached a near six-month high buying 67 US cents but has pulled back to 66 cents, while Bitcoin has been creeping up toward the $60k mark

Copper has added more than two per cent climbing towards $4 a pound, with uranium reaching its highest point since early 2008, at above $81 a pound.

Iron ore has dipped three-quarters of a per cent to US$132.50, Crude oil has dipped 2.5 per cent to US$74. Gold has surged almost two per cent to US$2100 an ounce and natural gas, has been just shy of $2.80.

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