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Ethical Partners says its own models show the market is moving “rapidly back” into balance, something that would support the share price of struggling miners.
The benchmark S&P/ASX 200 finished the 2023 financial year up 9.7 per cent, which added $276 billion in market value to a record $2.4 trillion.
Local shares are poised to open with modest gains. Buyers emerge late for US stocks. August labour force data pending. Link takeover approved by FIRB. NZ GDP rises 1.7pc, beating expectations. Myer grows profit. Follow updates here.