Equities Extend Gains Ahead of RBA Decision and US CPI
US stock indices are climbing, with the S&P 500 leading, as traders await the Reserve Bank of Australia rate decision and key US inflation data.
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The S&P 500 continued to push higher, extending its recent positive momentum. The Nasdaq trailed the S&P on a relative basis, but a breakout above the 29,900 level could open the door to a further leg up.
Market attention now turns to the Reserve Bank of Australia’s policy announcement and the upcoming US CPI print, both of which have the potential to shift near-term direction.
Source: FXStreet Forex News