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Morning Bell 26 November

Bell Direct
November 26, 2019

The Australian shares market is expected to rise following new record highs on Wall Street.

We saw Louis Vuitton Moët Hennessy snap up Tiffany for $16.2 billion, seeing Tiffany shares rise 5.8%. Oil is back above $58 on a trade being struck and iron ore is up 3.2% to $US90.92 a tonne.

In early corporate news, Westpac announced its CEO Brian Hartzer will step down following AUSTRAC’s child exploitation allegations.

What to watch:

  • RBA deputy Governor Guy Debelle speaks in Canberra at 10.50am on employment and wages
  • Phillip Lowe’s speech at 8.05pm titled unconventional monetary policy

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