Among the other"Big Four" banks, Commonwealth Bank of Australia advanced 1 per cent, while National Australia Bank , which is due to report results on Thursday, added 1.2 per cent.
Markets were also focussed on the Reserve Bank of Australia's policy review due later in the day. Analysts in a Reuters poll expect the central bank to stand pat but cut at least once more early next year to revive inflation and a slowing economy. The energy sector was set for a third straight day of gains, helped by strength in oil prices on an improved outlook for crude demand after the United States and China signalled progress in trade negotiations.
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Source: The Straits Times - 🏆 8. / 63 Read more »