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Wall Street's Oil Relief Rally Fails to Lift ASX, House Price Slump Deepens | Lavamgam

World News

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Wall Street's Oil Relief Rally Fails to Lift ASX, House Price Slump Deepens

US stocks surged on Monday, but the good times aren't crossing the Pacific. The S&P 500 jumped 1.5% and the Nasdaq soared 2.2% after a 5% plunge in Brent crude to $US83.52 eased recession fears, yet the Australian sharemarket is set to open 2 points lower. Investors here are weighing Wall Street's euphoria against domestic headwinds that show no sign of fading.