ASX to rise, Wall St higher in broad advance

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Australian shares are set to open higher. All 11 S&P 500 industry sectors rise. $A tops US65¢. Bitcoin stumbles; Binance to acquire FTX.

Bitcoin -6.3% to $US19,414 at 4.55am AEDTTesla -1.1% Apple +1.6% Amazon +0.8% Lyft -20.5%Spot gold +2.3% to $US1713.66/oz at 12.49pm New York10-year yield: US 4.14% Australia 4.03% Germany 2.27%Amgen rose to a record high after reporting positive data related to its cholesterol drug and obesity treatment.

Boeing delivered 35 airplanes in October -- down from its 51 deliveries in September that tied its June performance, when it exceeded the 50-plane threshold for the first time since March 2019.European shares hit an eight-week closing high on Tuesday. The STOXX 600 index closed up 0.8% after moving in a narrow range for most of the day, with technology and retail sectors at the forefront of buying.

Pandora zoomed up 10.6% to top the benchmark index after the company highlighted resilient shopper demand even amid soaring living costs.Out of the 216 STOXX 600 companies, nearly 60% of them have reported better-than-expected earnings, compared to a typical quarter where 53% beat analyst estimates, according to Refinitiv data.

Meanwhile, two European Central Bank policymakers said the central bank would continue to raise borrowing costs even as the euro zone economy suffered because letting inflation stay high would be even more painful.Co. and Global Infrastructure Partners are nearing a deal for Vodafone Plc’s listed towers arm, providing a rare bright spot for dealmakers in an otherwise slow market, Bloomberg reported.

The private equity consortium could announce a deal for a stake in Frankfurt-listed Vantage Towers AG as soon as Wednesday, according to the people, who asked not to be identified discussing confidential information.Yamana Gold’s top investor calls the $US4.8 billion takeover proposal by Agnico Eagle Mines and Pan American Silver “a good deal” for all, signaling his preference on the competing deals.

 

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