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Green On The Screens

EQUITIES

Equity markets are in the green in Asia, led higher by a positive lead from Wall Street. Japan and Australia were the biggest gainers, benchmarks in both up well over 1%.

  • Markets in Australia were supported by the RBA SoMP and comments from RBA Governor Lowe that indicated the low rate environment was here until the recovery had firmed. The index was also supported by gains in iron ore.
  • US markets rallied for fourth day yesterday, and futures are up around 0.2% in early trade on Friday. Earnings remained in focus as earnings season gathers steam, EBay and PayPal both surged on upbeat forecasts.

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