Morning Report 06 Jan 25: US stocks snap a 5-day losing streak

The new year has had a shaky start, but technology stocks have helped lift Wall Street during holiday trading. US bond yields have climbed in anticipation of upcoming labor market data, while mega-cap stocks have been key drivers in pushing the US share market higher. Meanwhile, a surging US dollar has put pressure on commodity prices. Oil prices have risen, supported by cold weather and favorable Chinese policies. Looking ahead, ASX 200 futures suggest a solid gain, led by Australian tech shares, although concerns about rising inflation persist due to a weak Aussie dollar.

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