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The ASX200 is eyeing a flat open.
U.S. investors looked past weaker than expected economic news overnight with unemployment claims rising more than expected, and instead focused on a potential rescue package being agreed on before the end of the year.
Congressional leaders have said they’re close to agreeing on a $900 billion stimulus deal that includes direct payments to individuals.
Copper rose 1.2% to its highest level since February 2013. What’s key is that iron ore, nickel and copper are likely to move higher given rising Chinese demand and fiscal stimulus in China.
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