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ASX set to jump as Wall Street rallies – Sydney Morning Herald
The Australian sharemarket is set to jump this morning as the mood brightened on Wall Street.
Wall Street rallied on Monday (US time) as a rebound in multibillion-dollar deals, including Microsoft’s pursuit of TikTok’s US operations, lifted sentiment, and efforts to hammer out a coronavirus relief bill resumed.
Microsoft jumped 4.8 per cent after it said it would push ahead with talks to buy the US operations of Chinese-owned TikTok. President Donald Trump reversed course earlier on a planned ban of the short-video app.
In late trade, the Dow is 0.8 per cent higher, the S&P has gai…
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