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Industrial stocks

Tale of 2 telecoms

Telstra Group Ltd (ASX: TLS) gained 5 cents, or 1.3%, to $3.92, after being up 2.3% at one point, as it was perceived as benefiting from the big outage at rival Optus. In Singapore, the shares of Optus’ owner Singapore Telecom were down 5.2% on the news, and finished down 4.8% for the day.

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RBA to hike

US 10-year yields dropped a lazy 0.26% to 4.57%, while the S&P 500 rebounded by an equally lazy 5.9%. Helping the positive market vibe, oil prices dropped 5.9% as fear of a Middle East war escalation eased.

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Waiting on a rates decision

The S&P/ASX 200 (INDEXASX: XJO) closed 19.2 points, or 0.3%, higher at 6,997 and the broader All Ordinaries (INDEXASX: XAO) index was 0.2% higher, up 17.2 points at 7,192.3.

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Tale of 2 telecoms

Telstra Group Ltd (ASX: TLS) gained 5 cents, or 1.3%, to $3.92, after being up 2.3% at one point, as it was perceived as benefiting from the big outage at rival Optus. In Singapore, the shares of Optus’ owner Singapore Telecom were down 5.2% on the news, and finished down 4.8% for the day.

Listen now

RBA to hike

US 10-year yields dropped a lazy 0.26% to 4.57%, while the S&P 500 rebounded by an equally lazy 5.9%. Helping the positive market vibe, oil prices dropped 5.9% as fear of a Middle East war escalation eased.

Listen now

Waiting on a rates decision

The S&P/ASX 200 (INDEXASX: XJO) closed 19.2 points, or 0.3%, higher at 6,997 and the broader All Ordinaries (INDEXASX: XAO) index was 0.2% higher, up 17.2 points at 7,192.3.

Listen now
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