Archive · Business Recorder
Australian shares rise as commodity-linked stocks advance
Australian shares rose on Monday, supported by gains in mining, financial and energy stocks, while investors continued to assess the outlook for interest rates after the central bank lifted its cash rate to a 15-year high last week. The benchmark S&P/ASX 200 index was 0.5% higher at 8,725.70 points, as of 0031 GMT, after a 0.2% gain last week. Markets remained focused on the likelihood of further policy tightening after the Reserve Bank of Australia warned that inflation risks were still elevated and reiterated its willingness to raise rates again if price pressures persist. Although infla...
ZAZTEK archives the headline, summary and publication date so the story stays findable. The full article remains the publisher's. Read it at Business Recorder →