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Morning Report 11 Oct 24: Wall Street dips slightly after higher-than-expected inflation and unemployment data
Manage episode 444582721 series 3531694
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U.S. CPI rises more than forecast, stalling inflation progress, while jobless claims hit a yearly high due to Hurricane Helene. AMD launches an AI chip to rival Nvidia. Oil prices surge 4% amid U.S. storm impacts and Israel-Iran tensions, while copper rebounds ahead of expected China stimulus. Meanwhile, Aussie shares are likely to end the week lower due to uncertainty around China's fiscal policies.
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