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Market Impact: 0.2

Australian Market Sharply Higher

Market Technicals & FlowsInvestor Sentiment & Positioning

S&P/ASX 200 moved above the 8,700 level as Australian equities traded sharply higher, reversing losses from the prior two sessions. The rally was driven by broadly positive cues from Wall Street overnight, indicating a pickup in risk appetite among local investors.

Analysis

S&P/ASX 200 moved above the 8,700 level as Australian equities traded sharply higher, reversing losses from the prior two sessions. The rally was driven by broadly positive cues from Wall Street overnight, indicating a pickup in risk appetite among local investors.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25