Australian Shares Edge Higher as Banks Offset Mining Losses
The S&P/ASX 200 rose 0.2% to 8,868.20 as of 0105 GMT, with financial-sector gains outweighing losses in heavyweight miners. Hot inflation data increased bets on a fifth central bank rate hike this year.
Australian shares inched higher on Thursday, as gains in financials outweighed losses in heavyweight miners, while hot inflation data increased bets for a fifth central bank rate hike this year.The S&P/ASX 200 index ASX:XJO rose 0.2% to 8,868.20 as of 0105 GMT. The benchmark ended flat on Wednesday…