Markets
Global markets: Australian shares rebound as banks and consumer stocks rally
Australian shares rebounded on Wednesday, driven by gains in banks and consumer stocks, as softer economic data eased rate hike expectations. The S&P/ASX 200 index rose 0.6%, with markets now pricing in earlier rate cuts
Australian shares rebounded on Wednesday, driven by gains in banks and consumer stocks, as softer economic data eased rate hike expectations. The S&P/ASX 200 index rose 0.6%, with markets now pricing in earlier rate cuts.
Miners and gold stocks, however, faced declines.
Source reference: Economic Times
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