ASX to jump on solid US earnings and Brexit progress

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Australian shares are set to jump in early trade amid a strong start to Wall Street's earnings season and Brexit optimism.

AUD: 67.5 US cents, 52.81 British pence, 61.18 euro cents, 73.47 Japanese yen, $NZ1.07Europe: FTSE 100 flat at 7,212, DAX +1.2pc at 12,630, CAC +1.1pc at 5,702, Euro Stoxx 50 +1.3pc at 3,603

Commodities: Brent crude -0.8pc at $US58.88/barrel, spot gold -0.8pc at $US1,480.76/ounce, iron ore +1.6pc at $US93/tonneThe Australian dollar, meanwhile, has slipped to 67.5 US cents.In New York, the Dow Jones index closed 0.9 per cent higher at 27,025 points.Upbeat profits from JP Morgan Chase, United Health, and Johnson & Johnson helped ease investors' concerns about the economically damaging US-China trade war and its impact on corporate America.

European markets were mostly higher after Bloomberg reported that negotiations between the UK and European Union were heading closer to an acceptable draft Brexit deal. Germany's DAX and France's CAC indices rose by at least 1.1 per cent each, while London's FTSE was flat.slashed its forecasts for the world's economic growthThe IMF has cut its expectations of Australia's GDP expansion for this year to just 1.7 per cent — down a full percentage point from last year's 2.7 per cent.ABC/Reuters

 

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. It's the minute-by-minute stock market according to chaudave versus the longterm economic indicators by peter_f_ryan in the Who will be right? Peter (we all know that). Who will be richer? Dave (but the trick is to make sure you have a seat when the music stops) .

Orange man bad! Shaggy conservative man bad!

Who is lying? auspol

Stop setting up false hope the economies are fucked

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