Morning Report 26 Aug 24: Powell's pivot fuels Wall Street rally

Investors celebrate as U.S. Federal Reserve Chairman Jerome Powell signals an imminent drop in interest rates, sparking a surge in U.S. stocks. Oil prices rise as concerns grow over Middle East escalations. A busy week lies ahead for local reporting seasons, with Nvidia kicking things off. Meanwhile, the Aussie share market remains resilient and is expected to begin the week on a positive note, supported by strength in oil and gold producers.

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