Wall Street Rally Expected to Boost Australian Stocks

📆 10/30/2023 8:55 PM
📰 abcnews

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A rally on Wall Street is likely to send Australian stocks higher, while oil prices eased on the lessening of fears about the Israel-Gaza war disrupting supply from the region.

Disclaimer: thisOn Wall Street: Dow up 1.6 per cent, S&P 500 up 1.2 per cent, Nasdaq up 1.2 per cent.Spot gold: Down 0.5 per cent to $US1995.85 an ounceASX to edge up

Good morning and welcome to Tuesday's markets live blog, where we'll bring you the latest price action and news on the ASX and beyond.The Dow Jones index rose 1.6 per cent, the S&P 500 gained 1.2 per cent and the Nasdaq Composite up 1.2 per cent.At the same time, the Australian dollar was up 0.6 per cent to 63.74 US cents.

Oil prices settled more than 3 per cent lower, partly as fears eased about the Israel-Hamas war disrupting supply from the region.Israel's war plan in Gaza is shrouded in secrecy, but clues are starting to emerge. Here's what we know

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