Encouraging signs of easing inflation have lifted rate cut hopes and sent US markets to fresh record highs. Investors were further buoyed by comments from the US Treasury Secretary highlighting progress on rare earth mineral agreements. Meanwhile, a tentative ceasefire in the Middle East has kept gold prices subdued, while oil stabilised after recent sharp declines. Closer to home, the ASX 200 is expected to open flat on Monday as investors await key economic data out of China.

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