Aussie shares close at record high after benign inflation rules out rate hike
ASX200 adds 4% in July
Financials at record-high; July best month in 2024
Miners recover; down 1.5% for the month
Rio Tinto up 2.5%; first-half profit in-line
NZ50 closes higher; adds about 6% in July
Updates to close
By Sameer Manekar and Rajasik Mukherjee
July 31 (Reuters) -Australian shares ended at their all-time high on Wednesday, boosted by broad-based gains across sectors, after lower-than-expected second-quarter core inflation sharply lowered the odds of a rate hike next week.
The S&P/ASX 200 index .AXJO finished the day 1.8% higher at its record level of 8,092.30 points. The benchmark has added 4.2% in July, logging its third successive month in black and the best so far this year.
Data showed the annual pace of second-quarter core inflation was the slowest since early 2022, prompting investors to revert to pricing in rate cuts, with futures now implying an even chance of a rate cut in November. 0#RBAWATCH
"Given the market was worried about risk of a rate rise the fact we saw core inflation falling will provide some relief and nudge investors back towards risk," Andrew Tang, an equity strategy analyst at Morgans, said.
Tony Sycamore, a market analyst at IG, struck a cautious tone saying it may not yet be time for the markets to celebrate as rate cuts were still "probably four months away at the earliest, maybe six".
On the bourse, miners .AXMM recovered from sharp losses in the prior session to end over 2% higher. BHP Group BHP.AX added 1.8%, while Fortescue FMG.AX jumped about 3%. Miners have lost around 1.5% in July - their second successive month in red.
Rio Tinto RIO.AX, the world's largest iron ore producer, added 2.5% after reporting in-line half-year earnings.
The banking index .AXFJ put on 1.7% to finish at its all-time high. Banks, which now hold more weight in the benchmark than the miners, clocked their best month this year with more than 6% gains.
Energy .AXEJ and tech .AXIJ indexes gained more than 2%, while the healthcare index rose modestly.
In New Zealand, the benchmark S&P/NZX 50 index .NZ50 inched higher to finish at 12,405.27. It was up around 6% in July.
Reporting by Sameer Manekar and Rajasik Mukherjee in Bengaluru; Editing by Nivedita Bhattacharjee
For more information on DIARIES & DATA: U.S. earnings diary RESF/US Wall Street Week Ahead .N/O Global Economy Week Ahead DATA/ ................................................................ For latest top breaking news across all markets NEWS1
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
