The share market climbed for a second day after a cooldown in inflation bolstered hopes that the Reserve Bank will leave interest rates on hold.
The ASX 200 firmed 20 points or 0.29% to 7035. Gold miners led the charge after the yellow metal jumped to a six-month high overnight. Other pockets of strength included rate-sensitive property and tech stocks, along with healthcare providers and consumer stocks.
The market breathed a sigh of relief after the October inflation report exceeded expectations. Annual headline inflation fell to 4.9% from 5.6% in September, easing pressure on the RBA to increase rates. Underlying inflation also came in weaker than expected.
US futures were trading higher as the curtain fell on the Australian session. S&P 500 futures were ahead 0.16%.
