ASX to fall despite Brexit deal and Wall Street's solid earnings

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Australian shares are likely to open slightly lower, despite modest gains across Wall Street and significant progress on a new Brexit deal.

Australian shares are likely to open slightly lower, despite modest gains across global markets and significant progress on a new Brexit deal.AUD: 67.6 US cents, 52.7 British pence, 61.04 euro cents, 73.5 Japanese yen, $NZ1.07Europe: FTSE 100 +0.2pc at 7,182, DAX -0.1pc at 12,655, CAC -0.4pc at 5,673, Euro Stoxx 50 flat at 3,598

Commodities: Brent crude +0.8pc at $US59.91/barrel, spot gold +0.2pc at $US1,491.65/ounce, iron ore -0.9pc at $US87.06/tonneMeanwhile, the Australian dollar has jumped 1 per cent to 68.25 US cents. The local currency was boosted by Thursday's better-than-expected job numbers, which have significantly reduced the odds of the Reserve Bank cutting interest rates at its meeting on Melbourne Cup day .

 

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