The Australian share market cautiously moved higher on Tuesday as investors held out for fresh inflation data from the United States that could guide the path of rate cuts.
The Australian share market was up slightly as investors await new inflation data from the US, which will be key to its path on interest rate cuts .
“The trend has been that the economy has continued to surprise on the upside and that’s in a variety of different prints that we’ve seen of late,” Mr Clark said. Sector heavyweights rose with Rio Tinto jumping 3 per cent to $125.36, BHP adding 2 per cent to $45.13 and Fortescue climbing 1.6 per cent to $25.26.
Eastern Europe Steel Mills Fresh Inflation Data Banks Rising Australian Share Market North America Goodman Group Copper Prospector Elders Sensitive Real Estate Eastern Asia Real Estate Stocks Bourse Gains Liontown Resources Europe Ukraine Ore Futures Manuka Resources Stocks Led Gains Northern America Fresh Data Vesting Arrangements Ore Miners Industry Sectors Interest Rate Reuters AG United States Of America State Government Inflation Print Agence France Presse Oceania Russia Medical Supplies Company Kimberly-Clark Corporation China America Rate Cuts Ben Clark Portfolio Manager Lithium Producer Michael M. Santiago Iron Ore Futures Financial Institutions Helping Agribusiness Supplier Singapore Exchange Ltd. Rio Tinto Limited & Plc Asia Melanesia Newswire-Business Material Stocks Led
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