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Global markets | Australian shares rise modestly as sticky core inflation keeps rate hike bets alive
Australian shares edged higher on Wednesday, a cautious advance following inflation data. While headline inflation eased, core inflation ticked up, keeping the door open for potential interest rate hikes. Technology stocks saw a significant rebound, with bargain hunters stepping in. Financial and health sectors also provided support, though mining and gold stocks dipped due to commodity price weakness. Investors now await key employment figures.
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theage.com.au
ASX edges higher after AI stocks weigh down Wall Street
The Australian sharemarket has advanced at the open while a sell-off in big technology stocks spread from Asia back to the US overnight over worries about potentially higher…
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abc.net.au
Live: ASX to rise ahead of inflation figures, despite Wall Street's tech sell-off
The Australian share market is expected to rise despite a major sell-off across US tech, AI and semiconductor stocks, which resulted in steep losses on Wall Street. The ABS will…
