ASX to edge higher in line with Wall St, US bond yields rise

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Australian shares are set to edge modestly higher to start the shortened trading week with the latest RBA meeting minutes in focus. $A near US73.50¢.

: Record equity trading revenue helped to check the drop in overall trading activity, bolstering the bank’s stock price.

On Thursday, ahead of the Easter break, the pan-European STOXX 600 index rose 0.7 per cent, while euro zone shares advanced 0.6 per cent.Here’s TD Securities view: “Presidential hopefuls Macron and Le Pen face off in a televised debate ahead of Sunday’s second-round vote [April24]. Both are desperate to attract left-wing voters and are likely to pivot sharply in that direction through the week.

The deal will lead to the integration of Ant’s Alipay+ payment service with 2C2P’s platform used by merchants in Asia, Europe, the Middle East and the Americas.US Treasury yields reached three-year highs on Monday as investors adjusted for the Federal Reserve to aggressively raise rates as it tries to stem soaring inflation that is running at its fastest pace in 40 years.

Economic activity in China slowed in March, with weakness in consumption, property and exports eclipsing faster-than-expected first-quarter GDP growth.

 

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