ASX to slip, US stocks higher amid broad gains

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Australian shares are poised to open lower. All 11 S&P 500 industry groups advance. Earnings focus bolsters bulls.

Australian shares are poised to open lower, though losses could be checked if Wall Street extends its rally through the closing bell, at 7am AEDT.On Wall St near 1.45pm: Dow +1.3% SThe local currency edged up; the Bloomberg dollar spot index was little changed.The yield on the US 10-year note was flat at 4.01 per cent at 1.54pm in New York.P 500’s industry groups gained, paced by industrials and materials.

The trading operation posted $US6.2 billion in third-quarter revenue, an 11 per cent increase that was better than analysts had forecast. Fixed income led the gains, according to a statement that showed a 43 per cent profit plunge.Europe’s STOXX 600 rose for the fourth straight session on Tuesday, with investors keeping a watch on earnings to gauge the economic outlook.

Shares of chipmakers, including ASML Holdings and Nordic Semiconductor, rose between 0.8 per cent and 5.9 per cent amid a risk-on sentiment in markets.

 

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