Australian Shares Rise 0.9% as Miners Gain Ahead of Inflation Data
The S&P/ASX 200 rose 0.9% to 8,823.90 by 0017 GMT, as heavyweight miners gained on stronger copper prices. Investors awaited an inflation print due shortly.
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The S&P/ASX 200 rose 0.9% to 8,823.90 by 0017 GMT, as heavyweight miners gained on stronger copper prices. Investors awaited an inflation print due shortly.
Stock markets were mixed across Asia and elsewhere on Tuesday as bond yields extended recent gains. Gold rose 1%, while the dollar strengthened against major currencies.
Australian shares edged higher on Tuesday, led by gains in banks and miners, while technology stocks surged nearly 4% in their best session since late August. The S&P/ASX 200 index rose 0.3% to 8,759.60, with the resources sub-index up 0.4% and financials up 0.2%.
(Updates to close) Gold stocks hit best session in nearly a month Miners log third consecutive week of losses RBA Governor said upside risks to inflation were materialising By Aamir Khalid Sept 18 (Reuters) — Australian shares let go of their earlier gains and ended flat on Friday, as bank losses offset strength in min