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RBA open to monetary easing: ASX trading 0.8% higher at noon

15 Oct 2020 – The Australian stock market has mustered up a rally this morning, rising 0.8 per cent, despite earlier expectations of a weak start and weak leads from Wall Street. Gains by power players BHP (ASX:BHP) and Rio Tinto (ASX:RIO) have propelled the market to a 7-month high, on the back of RBA Governor Philip Lowe’s open stance on rate cuts. Major banks are also in positive territory.

Source: Finance News Network

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