US stocks edge higher, Apple steadies

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Shares advanced on Friday in New York, helped in large part by a respite in the sell-off that knocked the iPhone maker sharply lower the previous two sessions.

The Qantas debacle highlights the trade-offs investors need to assess in trying to decide if today’s winners will become tomorrow’s losers. But one fundie thinks Qantas can go the other way.Bitcoin -0.2% to $US25,826 at 4.04am AESTTesla -1.1% Apple +1.3% Amazon +0.7% Nvidia -1.4%Spot gold +0.04% to $US1920.39/oz near 2pm in New York10-year yield: US 4.25% Australia 4.08% Germany 2.61%The US economy could expand at an annualised pace of about 2.

Luxury heavyweight LVMH added 2.2 per cent, its first gain in eight sessions, lifting the personal and household goods sector 1.1 per cent higher.Advertisement “But the fact that it is not clear whether we have seen a convincing peak in core inflation and that inflation has surprised on the upside near-term are probably enough for a hike.”BMI, a unit of Fitch Solutions, has lifted its forecast for cocoa prices yet again by $US400 a tonne to $US3100 a tonne for this calendar year. BMI had lifted its forecast by $US200 a tonne in June.

 

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