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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.
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...
Australian shares are trading notably higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving to stay below the 7,800 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by mining and technology stocks.
Adding to the gains in the previous three sessions, the Australian stock market is notably higher on Tuesday, following the broadly positive cues from global markets overnight.
Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from global markets overnight, on renewed optimism over the outlook for interest rates, with traders growing increasingly confident about a rate cut in the coming months and largely eliminating short-lived concerns the US Fed might actually consider raising rates.