WBC reveals profit miss; OPEC+ sends Brent oil price tumbling; sharemarket to rally after Wall Street’s strong week

News Snapshot:

Australian shares are poised to extend gains on Monday after Wall Street rallied and as further signs emerge that the US and China are inching closer to a trade deal. ASX futures were pointing up 0.4 per cent, or by 32 points, predicting the S & P/ASX 200 Index will open at 8280, extending Friday’s more than 1 per cent advance. Wall Street rallied after a better-than-expected monthly US payroll report revealed 177,000 jobs were added in April, helping to quell fears President Donald Trump’s punitive tariffs are stagnating growth. All three US equity indices leapt by more than 1...