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Morning Report 29 Oct 24: US stocks rise as traders map out election game-plan
Manage episode 447300158 series 3531694
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Wall Street starts the week strong, gearing up for the busiest week of U.S. earnings. Oil prices plunge 6% on a reduced risk of broader conflict in the Middle East, and financial stocks gain as U.S. Treasury yields reach a three-month high. Meanwhile, Alphabet shares are in focus ahead of earnings results, while transport stocks benefit from lower crude oil prices. Closer to home, Aussie shares are expected to open higher on Tuesday, tracking U.S. trends, while the Aussie dollar weakens on the strength of the U.S. dollar.
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