Wall Street stocks lift as US strikes Iraq

By AAP

Investors are also eyeing fighting in Ukraine and a resumption of hostilities in Gaza after a three-day cease-fire ended. "Investor attention is focused mostly on geopolitical events," said a market note from Wells Fargo Advisors.

Alan has been a trusted source of investment advice to Australians for many years, and in 2005 he founded Eureka Report - Australia’s #1 online investment report.

Along with Robert Gottliebsen and Stephen Bartholomeusz, Alan also founded Business Spectator, the popular business news and commentary website.

US jets struck jihadist positions in northern Iraq after President Barack Obama approved air strikes following major gains by Islamic militants in the country.

Analysts also cited Chinese trade data, which showed July exports surged 14. 5 per cent, an encouraging figure for the world's second-biggest economy.

Wall Street stocks have opened higher despite a three per cent plunge in Japanese shares and the first US air strikes on Iraq since 2011.

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