Economic TimesLean R·
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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