Key News Overnight
U.S. stocks rose for a fifth straight day overnight as gains in technology shares outweighed a decline in financials sparked by falling Treasury yields. The Dow Jones rose 0.7% to 25,412 and the S&P 500 climbed 0.5% to 2,738;
Global oil prices fell on Tuesday following recent data that has shown a fall in US factory orders and a slowdown in the US services sector last month, raising concerns about the strength of demand for oil. Brent crude fell 0.7% to $US 62.07/bbl;
Australian stocks registered their biggest gain in more than two years after the Hayne inquiry into misconduct in the financial services sector wasn’t as harsh as expected. The S&P/ASX200 rose 2% to 6,005.90;
The US dollar advanced ahead of President Donald Trump’s State of the Union address, with markets bracing for further hints of political escalation or clues on the outlook for trade talks with China. The $US index rose 0.24% to 96.081
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