ASX to edge up, US stocks advance

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Australian shares are poised to open higher as the latest US inflation report met expectations, bolstering investors’ confidence. Iron ore at three-month high.

: The agreed bid from a Brookfield-led consortium came after a “competitive” bidding process against APA, noted Institutional Shareholder Services.will raise its annual bonus for top-performing staff on Thursday by more than 20 per cent, people with direct knowledge of the matter told Reuters with a dealmaking boom to usher in bumper payouts by banks this year.

The pan-European STOXX 600 index closed up 0.7 per cent, with the basic resources and energy sectors up 3.2 per cent and 2.3 per cent respectively. “Overall it should be another good season, but several companies communicated a lot of the good in 2021. What could be a catalyst for the market is going to be the guidance for 2022,” Societe Generale’s Kaloyan added.

China’s producer prices rose slower than expected in December after government measures to contain high raw material prices, while consumer prices slowed as food prices fell.At the close of trade, the Hang Seng index was up 663.11 points or 2.8 per cent at 24,402.17, its biggest daily percentage rise since October 7.Tech firms led gains, with an index tracking the sector also rising by its most in three months to finish up 5.6 per cent.

 

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