CommSec Market Update

Morning Report 25 Aug 25: Surge in buying pushes Wall Street to new record highs on Fed signal


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Wall Street surged to fresh record highs after the Jackson Hole symposium, with Fed Chair Jerome Powell hinting at the prospect of lower interest rates. US stocks rallied broadly, lifting most sectors, while bond yields sank on growing bets of a September rate cut. Locally, futures point to record levels for the ASX 200, as commodity prices firm, the US dollar softens, and the Aussie dollar strengthens on Greenback weakness.

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