The Australian sharemarket is set to open the week lower on Monday following a volatile profit season, which saw the index set records.
Futures indicate that the benchmark S&P/ASX 200 Index will start 0.3 per cent down, shedding 25 points to 8912 at the opening bell. A subdued start to the trading week is expected as US financial markets will be shut on Monday for the Labour Day public holiday.
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