Wall Street rolled to more records after mixed data on the economy cemented expectations for coming cuts to interest rates.

The S&P 500 rose 0.8 per cent and set an all-time high for a third straight day. The Dow Jones rallied 1.4 per cent, and the Nasdaq composite climbed 0.7 per cent.

The Australian sharemarket is set to rise, with futures at 5.58am AEST pointing to a gain of 47 points, or 0.5 per cent, at the open. The ASX lost 0.3 per cent on Thursday. The Australian dollar was fetching US66.65¢ at 6.10am AEST.

Treasury yields eased in the bond market following the economic reports, which were some of the final data releases left that could sway the Federal Reserve’s thinking before its meeting next week. The unanimous expectation on Wall Street is that it will cut its main intere

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