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CommSec’s Tom Piotrowski says it has been a “very important session” for US markets after a “benigninflation” reading for October.
Mr Piotrowski joined Sky News to say there is a “belief” the US could be done with rake hikes.
“That was reflected in some very significant rallies where US stocks were concerned,” he said.
“Indeed, a very substantial drop where long and short interest rates are concerned.
“All that is coming down to the local share market kicking off with an improvement of 1.2 per cent.”
Presented by CommSec.
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