A strong Australian labor market report reinforced the RBA’s hawkish stance. Banks in Thailand and the Philippines cut interest rates
At the end of Wednesday, the Dow Jones Index (US30) was up 0.79%, the S&P 500 Index (US500) was up 0.47%, and the NASDAQ Technology Index (US100) closed positive 0.07%. Stronger-than-expected corporate earnings results supported stocks. In addition, a weaker-than-expected UK consumer price report for September lowered global bond yields, which was favorable for equities….