ASX to rise before CPI; Wall St rallies broadly as Alphabet jumps

Australian shares are poised to open higher, bolstered by a further advance in New York as traders firm their expectations for a December interest rate cut and the US 10-year yield briefly traded below 4 per cent.

The Dow Industrials paced Wall Street with a 4 per cent rise in Merck, a 3.9 per cent gain for Home Depot and Nike’s 2.9 per cent advance. Twenty-six of the Dow’s 30 components were higher.

Source: https://www.afr.com/markets/equity-markets/asx-to-rise-wall-st-extends-its-rally-20251126-p5nifu