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Australia's central bank lifted its benchmark interest rate Tuesday for a 12th consecutive time to 4.1% and warned further rises could follow. The Reserve Bank of Australia boosted the cash rate by a quarter of a percentage point following a higher-than-expected 6.8% annual inflation rate for the January-March quarter.The Shanghai Composite Index lost 0.3% to 3,222.35 while the Hang Seng in Hong Kong advanced 0.6% to 19,220.23.
The Dow Jones Industrial Average fell 0.6% to 33,562.86. The Nasdaq composite slipped 11.34, or 0.1%, to 13,229.43.Apple fell 0.8% after unveiling a long-rumored headset that will place its users between the virtual and real world. It will cost $3,500 when it is released early next year.
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Stock market today: Asian stocks follow Wall St up after strong U.S. jobs reportAsian stocks followed Wall Street higher on Monday after strong U.S. hiring data suggested a possible recession might be further away, while smaller wage gains stoked hopes inflationary pressures are weakening.
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Gold is Where Stock Market was in Early 1980s(Kitco commentary) - Although Gold has pulled back and its latest breakout attempt failed, it remains fairly close to the most significant Gold breakout in 50 years and the most significant macro breakout since the S&P 500 broke out in 2013.
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David Rosenberg: The Canadian stock market is not underperforming as much as you thinkOnce we put the TSX and the S\u0026amp\u003BP 500 on a comparable weighting, the returns are nearly identical. Read more.
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