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The ASX 200 closed up 0.8% on Monday after Fed Chair Powell's comments sparked a rally on Wall Street. Brent crude rose 0.7% to $79.53 a barrel, and iron ore slipped to $97.10 a tonne the prior Friday.
This is a routine equity market wrap, and the crude and iron ore moves it describes are small and not driven by new supply or demand news.
abc.net.aubusiness reporter Stephen LettsAug 25, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
