Business
Wall Street rebounds on good manufacturing numbers ahead of US presidential election – ABC News
US stocks rise on the eve of the US presidential election, helped by strong global manufacturing figures. However investors say trade could be volatile as poll…
US stocks have regained some lost ground as investors focus on the US presidential election after Wall Street suffered its worst week since March.
Key points:
- Dow Jones rises 1.6 per cent, S&P500 rises 1.2 per cent
- Australian dollar rises to 70.50 US cents after falling to 70 US cents yesterday
- Reserve Bank predicted to cut interest rates today to new record low
Democrat Party candidate Joe Biden is ahead in the opinion polls, but the race with President Donald Trump is tight in battleground states.
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