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ASX down 0.76% at noon following Wall Street’s poor performance

At noon, the S&P/ASX 200 is 0.76 per cent lower at 6,848.40. This drop was in line with Wall Street’s performance, driven by concerns about potential interest rate hikes by the Federal Reserve and worries about the escalation of the Middle East conflict. Traders are eagerly anticipating the release of the September-quarter consumer price index […]

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US bond yields surge past 5% as interest rates fears drive market trends

Last week, US bond yields surpassed 5%, jumping 30 points in just a week. This week, interest rate concerns are poised to remain the primary driver of market dynamics, with significant contributions from tech giants such as Amazon, Meta, and Alphabet. In Australia, the focal points will revolve around interest rates and inflation, particularly where

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High stakes as the ‘Magnificent Seven’ stocks release quarterly figures

Crunch week this week and next, as the six of the so-called “Magnificent Seven” stocks – Apple, Microsoft, Alphabet, Amazon, Nvidia, and Meta Platforms – release their latest quarterly figures. Tesla released its results last week and didn’t impress – a 44% slide in earnings from a year ago saw a 15% slump in the

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