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Morning Report 23 May 25: Stocks lose steam in final minutes of US trading

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Aussie shares are tipped to rise as easing U.S. bond yields provide relief to global markets, and Bitcoin hits a new record high. Long-term bond yields briefly hit multi-month highs before retreating, helped by Federal Reserve comments hinting at potential rate cuts later this year. Locally, the ASX200 is expected to inch higher after a rocky session, with eyes on the resources sector as oil and iron ore prices soften and the Aussie dollar retreats under U.S. dollar pressure.

 

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