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The New Daily
The New Daily
Tony Sycamore

Market Wrap: Markets take election result in their stride amid hawkish rate rises

Anthony Albanese Appen Australia Natural Gas RBNZ US Federal Reserve

After falling for seven straight weeks, US stockmarkets lifted despite a profit warning from social media company Snap that triggered a 44 per cent plunge in its share price.

Gains also for the ASX200, supported by a rebound on Wall Street and prospects of more stimulus in China to combat the impact of ongoing COVID lockdowns.

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