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analyst expectations

Good sign for Aussies in major US stock surge

Annual inflation in the US has slowed to 7.7 per cent, the lowest level since January and below analyst expectations.Wall Street stocks surged after the news, with the Dow ending 3.7 per cent higher with a nearly 1200-point jump. The…

Stock market surges by most in two years

Stocks rallied while the dollar slumped against rival currencies on Thursday after a drop in US inflation dimmed expectations of more aggressive Federal Reserve rate hikes.The consumer price index (CPI), a key measure of inflation, rose at…