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US equity markets rise as investors shift to cyclical stocks
US equity markets surged, with the Dow Jones gaining 461 points as investors shifted to cyclical stocks amid a resilient economy, while the ASX 200 hit a record high of 8446, driven by strong energy, banking, and resource sectors. Key economic indicators showed a decline in US housing starts and a drop in jobless claims, while inflation rates in the UK and Japan saw mixed results. Upcoming data releases include the US FOMC meeting minutes and Australia's monthly CPI indicator, which may influence future monetary policy decisions.
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