ASX to rise, Wall Street boosted by US-China trade optimism and strong earnings

Australian shares are set to open higher after Wall Street was boosted by optimism about upcoming US-China trade talks and a stronger-than-expected profit reporting season.AUD: 70.04 US cents, 56.3 British pence, 62.79 euro cents, 75.8 Japanese yen, $NZ1.04Europe: FTSE 100 +0.6pc at 7,557, DAX +1.6pc at 12,491, CAC +0.9pc at 5,618, Euro Stoxx 50 +1.2pc at 3,533

Expectations the Federal Reserve will cut interest rates at its policy-setting meeting next week have made investors more willing to buy stocks. Coca-Cola shares surged 6.1 per cent to a record high after the drink maker beat quarterly earnings expectations and raised its full-year organic revenue forecast.

White House economic adviser Larry Kudlow told reporters on Tuesday the in-person talks to resolve the US-China trade deal were a good sign.

Bubble gets bigger.

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ASX to edge higher, Wall St lifts on tech earnings and bets on rate cutAustralian shares are likely to edge slightly higher at the open, after Wall Street was boosted by technology stocks and expectations of a US interest rate cut.
منبع: abcnews - 🏆 5. / 83 ادامه مطلب »

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