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Author name: Joanna Dimitrakopoulos

Debt ceiling focus boosts S&P500 and Nasdaq to highest levels since Aug ’22

The S&P 500 and Nasdaq Composite jumped on Thursday to notch their highest closing levels since August 2022 as Wall Street traders kept focused on debt ceiling negotiations. The major averages ticked higher into the end of the trading session, with the broad-market index adding 0.94 per cent to end at 4,198.05. The Dow Jones

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It isn’t over yet

By Simon Doyle, Schroders April drew to a close with recession still an expectation, not the reality. Economic data generally continues to moderate, but is not yet dire, while inflation, the key focus of policy maker attention, is also starting to soften but remains uncomfortably and stubbornly high. While bond markets are reflecting the ongoing tussle

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Market Morsels: GAP, BST

News from the industrials side of the market yesterday with shades-maker Gale Pacific (ASX:GAP) and discount retailer Best and Less (ASX:BST) each disappointing the market.………… Gale Pacific (ASX:GAP) – a maker of blinds, shades and outdoor protection products – has been hit by a combination of the lingering end of La Nina, weakening consumer demand,

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