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Dow Jones Rises as Weak US ADP Jobs Data Damps Fed Rate Hike Bets

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The Story

News Summary

  • Weaker-than-expected US ADP private payrolls data cooled Federal Reserve rate hike bets, lifting the Dow Jones and precious metals.
  • However, escalating military conflict between the US and Iran in the Strait of Hormuz continues to fuel geopolitical and inflation risks.
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4354.10 -5.11% over the displayed period

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