Stocks higher after US Treasury Yields fall back from three month highs

Stocks higher after US Treasury Yields fall back from three month highs

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Stocks are up this morning following Asian markets and US futures higher after bond yields retraced from three month highs. Other factors helped sentiment: 

US Republicans said they would agree to a temporary lifting of the debt ceiling to avoid default and allow time to find a longer lasting solution.

The US and China have agreed that their presidents will have a virtual meeting before the end of the year.

September’s ADP report showed that more US jobs were added last month than expected.

US nonfarm payroll data is due on Friday.

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