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- by themarketherald.com.au
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Market Open: Magnificent run on US markets, ASX200 tipped to rise
The ASX200 is tipped to gain about a quarter of a per cent on Market Open after six of the Magnificent 7 stocks rallied on US markets overnight on growing confidence there’ll be a June rate, thanks to February’s lower inflation data. The Nasdaq gained 1.5 per cent and the S&P500 lifted 1.1 per cent - setting a new bourse record.