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ASX set to inch higher as European stocks rise; $A, iron ore drop – Sydney Morning Herald
European stocks take centre stage with Wall Street closed for the Labor Day holiday while iron ore prices tumbled.
European shares climbed to end near record levels, led by technology stocks which surged to their highest this year as a surprise rise in German factory orders pointed to improving global demand and boosted sentiment.
The pan-European STOXX 600 index rose…
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