Aussie market spikes on the back of the inflation data |
Australia’s share market surged following the release of new inflation numbers, with the ASX200 climbing more than 50 points. ING Bank’s James Tarr explains how the figures align with market expectations — and why they may pave the way for a potential RBA rate cut in August. Interest rate-sensitive sectors like retail and property are leading the gains, with JB Hi-Fi and Mervac up around 2%. Watch for all the latest finance news and market reaction.
Credit to : 7NEWS Australia
