Australia's sharemarket has started the week higher after reports that China and the US are on the verge of a trade deal.
The S&P/ASX200 gained 37.7 points on Monday, up 0.42 per cent, to 9,056.7, as the broader All Ordinaries rose 35.1 points, or 0.38 per cent, to 9,352.3.
The gains come after US inflation data all but locked-in an interest rate cut, and on reports the US and China have reached a deal framework to settle trade tensions around rare earths and technology exports.
Almost all 11 local sectors ended the day higher, with oil prices supporting energy stocks and as interest rate-sensitive segments like financials, discretionary spending and IT bolstered the bourse elsewhere.
The Australian dollar is stronger against the greenback, fetching 65.32 US cents, up from 64.99 US cents on Friday at 5pm.