‘Best weekly performance’ for US stocks seen since June

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CommSec’s Tom Piotrowski says last week was the “best weekly performance” for US stocks since June.

“So, suggestions that perhaps the US Fed is mindful of overegging the omelette when it comes to rate hikes in the near term,” he told Sky News Australia.

“That was a conversation in the US press – that was enough to consolidate US stocks and have them move forward to that extent.”

 

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