The Australian stock market is expected to open higher, and it is expected to recover all the positions lost after two consecutive weeks of decline. Local stock index futures rose 0.6% before Monday's opening, indicating that the S&P/ASX 200 index will start the new trading week higher. The benchmark index fell 0.1% last week, with a cumulative decline of 0.5% over the past two weeks. Before opening, diversified mining company South32 said its production of several commodities exceeded annual production expectations. Investors are likely to pay attention to the June unemployment data released on Thursday this week, which may affect the Bank of Australia's consideration of interest rates.

The Australian stock market is expected to open higher, and it is expected to recover all the positions lost after two consecutive weeks of decline. Local stock index futures rose 0.6% prior to Monday's opening, indicating that the S&P/ASX 200 index will start the new trading week higher. The benchmark index fell 0.1% last week, with a cumulative decline of 0.5% over the past two weeks. Before opening, diversified mining company South32 said its production of several commodities exceeded annual production expectations. Investors are likely to pay attention to the June unemployment data released on Thursday this week, which may affect the Bank of Australia's consideration of interest rates.