Jan 16 (Reuters) - Australian shares on Monday rose to their highest in six weeks, amid broad-based gains, after U.S inflation data last week fanned hopes of slower rate hikes by the Federal Reserve.
The S&P/ASX 200 index (xjo) rose 0.5% to 7,365 by 2347 GMT. The benchmark on Friday had posted its best week in nine.
U.S consumer prices fell unexpectedly for the first time in more than 2-1/2 years last month, data showed last week, signalling a downward trend in inflation.
Investors are now eyeing the December unemployment report in Australia, due on Thursday, which will likely give direction to the country's central bank for its rate-hike path.
Miners .AXMM jumped 0.3%, with iron ore behemoths BHP Group (BHP) and Rio Tinto (RIO) gaining 0.1% each.
Energy .AXEJ added 0.5%, tracking overnight gains in oil prices.
Sector Majors Woodside Petroleum (WDS) and Santos (STO) added 0.5% and 0.4%, respectively.
Gold .AXGD and technology stocks .AXIJ rose over 1% and were among the top gainers on the index.
Australia's largest gold miner Newcrest Mining (NCM) added 1.8%, while ASX-listed shares of Block Inc (SQ2) added 0.9%.
Financials .AXFJ jumped 0.6%. The "Big Four" banks rose between 0.1% and 0.9%.
Super Retail Group (SUL) advanced as much as 7.6% and payment terminals firm Tyro Payments (TYR) lifted 5.8%, with both stocks being among top gainers on the ASX. Baby goods retailer Baby Bunting (BBN) lost nearly 12% on weak profit.
In New Zealand, the benchmark S&P/NZX 50 index (nz50) rose 0.3% to 11787.09.
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News: RIO Australian shares hit 6-week high as U.S data sparks slower rate-hike hopes
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Last
$112.91 |
Change
0.550(0.49%) |
Mkt cap ! $41.86B |
Open | High | Low | Value | Volume |
$112.70 | $113.44 | $112.21 | $55.38M | 487.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 43 | $112.91 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$112.94 | 89 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 86 | 112.810 |
5 | 1185 | 112.800 |
4 | 114 | 112.790 |
4 | 212 | 112.780 |
4 | 223 | 112.770 |
Price($) | Vol. | No. |
---|---|---|
112.830 | 142 | 5 |
112.840 | 259 | 2 |
112.850 | 220 | 4 |
112.860 | 405 | 7 |
112.870 | 230 | 4 |
Last trade - 13.33pm 08/08/2025 (20 minute delay) ? |
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