Market Close 23 Apr 24: Aussie shares lift ahead of key inflation data
Aussie shares lifted on Tuesday ahead of key inflation data. Investors are nervous as the data may prove make or break for those expecting an interest rate cut from the central bank this year. The benchmark ASX 200 index finished the day higher by 34 points or 0.5% with the broader All Ordinaries index up 36 points or again up 0.5%. Today, eight of the 11 industry sectors rose with technology up the most, gaining 1.7%. But the gold price fell on an easing of Middle East tensions, leading the gold sub-sector lower on our sharemarket by around 3.4%. Still, despite the fall, the gold price is not far from Friday’s record high. And the Aussie dollar lifted against a weaker greenback, trading near US64.60 cents.
Visit CommSec’s Market News hub: https://www.commsec.com.au/market-news/the-markets.html
Follow us on Twitter: http://www.twitter.com/commsec
Follow Us On Instagram: https://www.instagram.com/commsec
Subscribe to CommSecTV: https://www.youtube.com/user/CommSecTV
4 Comments
I own My house and not in any debt and have savings in the bank. Not many people like Me apparently and it is all because of Jesus.
Thanks
Than you 🙏🙏🙏
Inflation is consistently wiping out every saved nickel but somehow funding wars that have absolutely nothing to do with us is top on the government’s priority list. These conflicts are affecting the economy seriously and with the likelihood of another world war a massive recession is almost imminent .