Economic TimesLean R·
Global Market: Australian shares log best week in 3 as Fed-hike bets cool; banks, miners lead
Indian investors found a reason to cheer as Australian shares posted their strongest week in three, driven by a global surge in commodity and financial stocks. Softer U.S. jobs data has eased concerns about further interest rate hikes by the Federal Reserve, boosting market sentiment. Miners and banks, key components of the Australian market, led the gains, with gold stocks experiencing a significant uplift.
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