ASX 200 LIVE: ASX snaps two-day losing streak; CBA paces bank gains

The Australian sharemarket ended a two-day losing streak on Monday, driven by positive investor sentiment following trade developments. Washington's trade deal with the European Union and expectations of an extended tariff truce with China contributed to the rally.

Commonwealth Bank (CBA) was a notable performer, helping lift the ASX. Separately, suspended Bowen reported a record cash flow of $19.1 million.

Analysts provided commentary: Canaccord suggested pressure on the Federal Reserve now poses a bigger threat than tariffs. ANZ stated the upcoming Fed meeting is unlikely to deliver anything new.

Sector activity showed investors taking profits on lithium stocks as futures prices retreated. Meanwhile, the Australian dollar climbed to a nine-month high, bolstered by optimism surrounding trade deals.