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AAP
AAP
Business
Derek Rose

Aussie shares rise on renewed hope for rate cuts

United States Australia Westpac Jobs Report JP Morgan
Eight of the ASX's 11 sectors finished higher, with industrials, staples and health care lower. (Steven Saphore/AAP PHOTOS)

The Australian share market has gained ground after a softer-than-expected US jobs report reignited hopes that interest rate cuts might come sooner rather than later. 

The benchmark S&P/ASX200 index on Monday rose by 53.4 points, or 0.7 per cent, to 7,682.4, while the broader All Ordinaries gained 54.8 points, or 0.69 per cent, to 7,952.3.

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