Australian shares jump after a smaller than expected rate hike

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After the increase in Wall Street and the expectation of increases in Europe, the markets of Asia and Australia are also in a positive trend: the Nikkei 225 index in Japan increased by 2.79% in early trading, and the Topix index increased by 2.99%. South Korea’s Kospi rose 2.44% as it returned to trading after a holiday. The Kusdak added 2.86%.

MSCI’s broadest index of Asia-Pacific shares outside Japan rose 1.58 percent. The markets in mainland China and Hong Kong are closed for the holiday.

In Australia, the S&P/ASX 200 index jumped by 3.63%. The Reserve Bank of Australia raised its interest rate by 25 basis points.

More in-

The Dow Jones index rose by 765.38 points, or almost 2.7%, and closed at 29,490.89. The S&P 500 rose about 2.6% to 3,678.43. The Nasdaq index added almost 2.3% and ended at 10,815.43.

It was the best day since June 24 for the Dow, and the S&P 500’s best day since July 27.

Today it was reported that European stocks are also marching to open higher at the opening of trading, based on the gains recorded on the global trading day yesterday.

Britain’s FTSE is expected to open 30 points higher at 6,934, Germany’s DAX is 126 points higher at 12,324, France’s CAC 40 is up 58 points at 5,850 and the FTSE MIB Italy’s is expected to be 245 points higher at 21,043, according to data from 21,043.

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