Wall Street indexes notched record highs, led by Intel’s surge on news of a stake in Nvidia. The Russell 2000 small-cap index also climbed to its first record since November 2021, while CrowdStrike jumped 12% on upbeat long-term guidance. US jobless claims fell by the most in four years, adding to optimism. Meanwhile, the Bank of England held rates steady. Back home, Aussie shares are set to rebound from two-week lows, while the US dollar firmed as the Fed’s rate cuts failed to meet dovish expectations.

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