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ASX200 rises on US rate cut, Chinese stimulus news

ASX200 rises amid potential US rate cuts and Chinese stimulus; mining and banks drive market gains.

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ASX200 rises amid potential US rate cuts and Chinese stimulus as mining and banks drive market gains.

In Short

The Australian share market rose, driven by hopes for a US interest rate cut and potential Chinese stimulus, with significant gains in resources and energy sectors. The ASX200 closed up 64.4 points, while some tech stocks had mixed results and Clarity Pharmaceuticals was the biggest loser.

The Australian share market experienced a significant uplift today, driven largely by discussions surrounding a potential interest rate cut by the US Federal Reserve and the anticipated stimulus measures from China.

The ASX200 rose by 64.4 points, or 0.83 per cent, closing at 7854.1. The All Ordinaries index also saw gains of 68.80 points, or 0.86 per cent, ending at 8082.1.

The Australian dollar appreciated by 0.03 per cent, purchasing US63.25 cents at the market close.

Eight of the eleven sectors in the ASX concluded positively, with the materials sector leading the way, increasing by 1.58 per cent.

Speculation on new Chinese stimulus measures contributed to this rise, with BHP, Rio Tinto, and Fortescue all recording notable gains.

Mineral Resources surged by 11.57 per cent, marking it as the day’s top performer.

Many mining stocks also witnessed substantial increases, including IGO and Pilbara Minerals.

In the energy sector, Woodside Energy and Ampol saw price increases amid renewed investor interest in riskier assets.

The big four banks notably supported the market’s advance, with Commonwealth Bank and ANZ both rising.

Meanwhile, local tech stocks showed mixed results as excitement grows with the US GTC conference beginning today.

The tech sector in Australia is anticipated to reach substantial growth in the coming years, as experts express cautious optimism amidst current market sentiment.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Money

Stocks rally ahead of Thanksgiving as markets log four days of gains

Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.

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Markets gain momentum ahead of Thanksgiving, with the Dow up 388 points and Oracle rising 4% amid investor optimism.


Markets are moving into the Thanksgiving break with strong momentum, as stocks notch four straight days of gains. The Dow Jones Industrial Average jumped 388 points, while the S&P 500 added 0.9%, pushing both indexes toward their best week since June.

Oracle led major movers, rising more than 4% after Deutsche Bank reaffirmed its bullish outlook on the tech giant. Broad investor optimism continues building across sectors as economic data softens and earnings remain resilient.

All eyes are now on the Federal Reserve and what potential shifts in interest-rate policy may mean for the markets. U.S. markets will close Thursday for the Thanksgiving holiday and reopen Friday for a shortened trading session.

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#Markets #Stocks #Thanksgiving #DowJones #SP500 #Oracle #FederalReserve #FinanceNews


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Dow surges 500 points amid rate cut optimism

Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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Dow jumps 569 points on fresh hopes for December rate cut and AI market optimism

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In Short:
– Dow Jones rose 569 points, reflecting optimism for a Federal Reserve interest rate cut.
– Alphabet’s stock increased as Meta may invest in AI chips, but Nvidia’s declined amid market concerns.
The Dow Jones Industrial Average increased by 569 points or 1.2% on Tuesday, reflecting investor optimism for an upcoming Federal Reserve interest rate cut. The S&P 500 and Nasdaq Composite also posted gains, up 0.8% and 0.4% respectively. This represented a recovery from earlier losses, where the S&P 500 briefly fell by 0.7%.Banner

Markets anticipate an 85% chance of a quarter-point rate cut in December, driven by comments from New York Fed President John Williams, who indicated the possibility of lower rates soon. Investor sentiment strengthened following reports that Kevin Hassett may be appointed as the next Fed chair, potentially resulting in a more lenient monetary policy.

Tech Sector

Alphabet saw its stock rise by over 1% after reports indicated that Meta Platforms might invest in its AI chips. This could signal increased demand for AI technology, benefiting the sector overall. However, Nvidia’s stock fell more than 3%, suggesting concerns about its dominance in the AI chip market.

Investors are also wary of the valuation of tech stocks. Despite recent gains, the S&P 500 and Nasdaq remain down over 1% and 3%, respectively, for November, while the Dow has lost more than 1% this month. The broader market’s performance indicates ongoing scrutiny regarding tech valuations amid changing economic expectations.


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Gold prices surge as Central Banks buy big, but risks grow ahead

Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.

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Gold prices surge as central banks increase demand; risks include a stronger dollar and rising interest rates.


Gold prices are climbing fast as central banks ramp up buying, pushing demand to its highest levels in years. The metal’s reputation as a safe haven is strengthening, especially amid rising geopolitical tensions and global financial uncertainty.

But experts warn the shine could fade. A stronger US dollar and the possibility of rising interest rates may weigh on momentum, making investors question how long the rally can last.

Dr Steven Enticott from CIA Tax breaks down the drivers behind gold’s surge—from ETF inflows to physical bar demand—and what could send the price sharply higher… or lower.

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#gold #markets #centralbanks #economy #finance #investing #interestRates #usdollar


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