Australian ASX 200 index rises 0.84% as investors anticipate US interest rate cuts.
The Australian share market starts the week on a positive note with the ASX 200 index up 0.84% at 7987.8 points. Investors expect US central bank to cut interest rates by September, as US stocks gain momentum. All sectors begin the session with gains, with major banks, iron ore miners, and buy now, pay later outfit Zip leading the way. The future trajectory of interest rates and the release of quarterly inflation data will be key areas of focus for investors.
July 28, 2024
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