The Australian market is sharply higher on Thursday, adding to the gains in the previous session, following the broadly positive cues from global markets overnight.
Asian stock markets are a sea of green on Thursday, following the broadly positive cues from global markets overnight, as traders reacted positively to a closely watched report on US consumer price inflation that showed a smaller-than-expected increase in the month of April to reinforce expectations the US Fed will begin cutting interest rates in September.
Going for the gold hard-hats fftimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fftimes.com Daily Mail and Mail on Sunday newspapers.
Australian shares rebounded on
Wednesday after the release of the domestic federal budget
sparked gains in miners, while investors awaited a key inflation
report due later in the day for interest rate.
Asian Markets Trade Mixed Ahead Of CPI Data finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.