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Global Markets: Australian shares bounce back as inflation miss eases rate-hike bets
Australian shares reversed early losses, closing 0.7% higher after a softer inflation report tempered interest rate hike bets. Financials, real estate, and consumer discretionary stocks recovered, while miners reached a near two-week high. New Zealand stocks also rose 1.2% despite the central bank signaling potential rate hikes.
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afr.com
ASX 200 LIVE: ASX ends higher as traders ease RBA rate bets after Australian inflation slows to 4.2% in April
Ten of the 11 sectors closer higher after CPI slows in April; ASX Ltd tumbles to 10-year low; Global stocks rally on chip stocks; AustralianSuper names next CIO. Follow live.
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theage.com.au
ASX drops in early trade as banks decline ahead of inflation data
Ignoring new records on Wall Street overnight, the Australian sharemarket wobbled in early trade, led lower by banks and property trusts.
