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US stocks likely to continue climbing

Stronger-than-expected earnings growth, less political uncertainty, Chinese economic stimulus and the prospects of a trade deal among the factors whetting risk appetite

Strategists at brokerage Bank of America argued that sentiment around Federal Reserve policy will decide the currents in the stock market for the remainder of the year.

US STOCKS rose last week and the momentum looks set to continue thanks to a better-than-expected earnings season and talk of a "melt-up".

Laurence Fink, head of the world's largest money manager BlackRock, said it was more likely that markets would spiral higher than spiral lower.


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