Australia's share market is on-track to snap a three-session losing streak as interest-rate sensitive stocks rebound on a softening local monetary policy outlook.
The S&P/ASX200 rose 34.8 points by midday, up 0.4 per cent, to 8,639, as the broader All Ordinaries improved by 23.9 points, or 0.27 per cent, to 8,847.4.
NAB economists predicted on Tuesday the Reserve Bank was likely finished with its interest rate hiking cycle and expected its next move would be a cut, although they weren't sure when.
