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Markets Today: Oil higher and RBA’s Lowe-down

From business.nab.com.au

It has been a slow start to the week with little in the way of market moves outside of commodities. Markets overall appear to be in a holding pattern ahead of US CPI figures tonight and the FOMC next week . The S&P500 swung between small gains and losses to finish up 0.2% after five consecutive days of losses, helped along by energy stocks (energy sub-index +2.9%). Today’s gains see the S&P500 now just 1.5% away from its early September peak. Brent oil rose 1.0% to 73.65 on a combination of a better demand outlook and ongoing supply disruptions in the Gulf of Mexico due to recent storm activity. As for rates, it was ... (full story)

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  • Category: Fundamental Analysis