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US Federal Reserve

Monday, May 23

Investors return to the markets but Bitcoin gets hammered

Fears of an interest rate hike were shrugged off this morning as investors poured back into Australian shares, lifting the ASX by more than 100 points in early trade.

Aussie stocks make early surge after US bonds deal spurs Wall Street

The ASX has surged by more than 3 per cent in early trade after US investors lapped up a Federal Reserve pledge to buy individual corporate bonds to help prop up the US economy.

The CBA has forecast stronger growth (Photo: EPA/JUSTIN LANE)

Wall Street's record surge, Aussie markets follow suit as US close to rescue deal

The ASX jumped back above 5000 points this morning following the lead from the US where stocks soared in Dow’s biggest one day percentage gain since 1933.