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Australian shares rose on Wednesday while building approvals fell again and mortgage stress increased. US stocks mostly rose ahead of a Federal Reserve decision, and Brent crude traded near $92 a barrel.
Rising mortgage stress and higher rates weigh on domestic demand, with little direct effect on feed commodities; Brent near $92 is a modest energy-cost backdrop.
abc.net.aubusiness reporters Nassim Khadem, Emilia TerzonOct 31, 2023Not 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.
