ASX set to edge higher after rocky Wall Street session – Sydney Morning Herald

“Inaction speaks louder than words,” Morgan Stanley strategists wrote in a report. They no longer expect Congress to approve a meaningful stimulus package before the end of the year as part of its base case.
But stocks recovered from their early losses after a report showed that sales of new homes accelerated last month, contrary to economists’ expectations for a slight slowdown. Homebuilder shares were broadly higher. The market’s gains were widespread, though technology stocks powered much of…

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