Markets Live: ASX bounces back
Shares rebound as investors take a relaxed view of Italy's no vote, ahead of the RBA's rates decision, while Origin shares jump.
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commodities | Value | Change | %Change |
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commodities | Value | Change | %Change |
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Shares rebound as investors take a relaxed view of Italy's no vote, ahead of the RBA's rates decision, while Origin shares jump.
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The euro rose as investors bet the European Central Bank will extend its asset-purchase program by six months.
The prospect of euro intervention receded as markets reacted calmly to Italian voters' rejection of constitutional reform.
New York Fed boss William Dudley says it's too early to reach firm conclusions on how fiscal policy will evolve.
Crude rose above $US55 a barrel to hit a 16-month high amid rising prospects of a tightening market.
Citigroup is bullish on oil, copper, zinc, and wheat; it's bearish on coal, iron ore, gold and soybeans.
An unexpected rise in inventories may have prevented the economy from contracting last quarter.
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