Higher CPI pushes back rate cut forecasts. The Australian Bureau of Statistics reported that the consumer price index increased by 1% in the quarter ending March, exceeding the market expectation of 0.8%. Year-over-year inflation slowed to 3.6% from 4.1%, still surpassing forecasts.
Copper prices inch towards the $10,000 mark as global demand surges and supply disruptions persist, signaling a robust recovery in the industrial metals sector.
The S&P/ASX 200 Index rose by 0.9%, driven by reduced geopolitical tensions and positive economic signals from China, showcasing a rebound in investor confidence.
ASX volatile as reports of Israeli attacks on Iran. Gold, Silver and Copper surge
ASX-listed iron ore heavyweights see gains as global demand wavers, influencing a notable uptick in the S&P/ASX 200 amidst evolving economic conditions.
ASX edges higher. Gold stocks surge, EVN leads the way. Droneshield rallies to new highs
XJO down 2%. Banks and REITs lead the way lower. US Markets sell off as rate cuts look more unlikely
XJO red for day but rebounds from early lows. Netwealth and Hub24 weaker. Miners and Energy stronger
The Australian share market experienced a notable uplift, primarily driven by a surge in mining stocks amidst optimistic forecasts for iron ore consumption.
Australian shares rise, led by mining sector gains amid optimistic forecasts for iron ore demand. Major miners like Rio Tinto and BHP showcase significant growth.
XJO edges higher. Energy stocks cool while Tech rebounds. Elders drops 24%. Life360 rallies on user numbers
Mining and Tech stocks weigh on XJO. GQG rises while Magellan falls.
