Morning Report 11 Nov 25: Stocks climb on bets US government shutdown is coming to an end
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Wall Street climbed overnight, led by technology stocks, as investors celebrated the prospect of a reopened U.S. government. Chipmakers rallied as buyers went bargain hunting, while Palantir jumped as enthusiasm around the AI trade returned. Health insurers, however, retreated as Democrats signalled a compromise on Obamacare. In commodities, gold rose 2% on renewed rate-cut hopes, and copper advanced on optimism over a potential end to the government shutdown. Back home, Aussie shares are expected to edge higher on Tuesday ahead of the Commonwealth Bank’s earnings results.
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