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Overnight, Wall St closed flat as investors await for the Federal Reserve interest rate decision in the US on Wednesday. The Dow Jones fell 0.04%, the S&P500 rose 0.03% and the tech heavy Nasdaq jumped 0.2%.
The Federal Reserves interest rate decision will be announced after local market close today following the aggressive hiking campaign that started in March 2022, which could help boost earnings growth for companies following recent high borrowing costs and inflation.
Over in Europe, markets closed higher as they rebounded from a negative session to start the week. The STOXX600 ended Tuesday’s trading session 0.42% in the green with banks leading gains up 1%. Germany’s DAX and the French CAC both gained half a percent and over in the UK, the FTSE100 rallied by 0.38% by market close.
Locally yesterday, the ASX200 rose by 0.24% by market close yesterday with all major sectors closing in the green. Gains were led by the information technology and real estate sectors which gained 1.07% and 0.71% respectively.
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