Australian shares rise on mounting U.S. rate-cut bets
Oct 14 (Reuters) -Australian shares rose on Monday, with broad gains in most sectors, after the latest U.S. inflation report fuelled expectations that the Federal Reserve will be cutting interest rates again next month lifting investor sentiment.
The S&P/ASX 200 index .AXJO gained 0.2% to 8,234.3 by 2318 GMT. The benchmark rose 0.8% last week.
Data on Friday showed U.S. producer price index for final demand was unchanged in September, supporting the view that the Fed will be cutting rates again in November.
Earlier last week, high U.S. weekly jobless claims figures also aided to rate-cut expectations from the central bank.
Unlike the United States, which has started easing rates, the Reserve Bank of Australia has lagged other central banks in cutting rates and has kept interest rates steady for almost a year.
Further rate reduction from the Fed will likely add more pressure for the RBA to cut interest rates, which will bode well for the Australian equity market.
In Sydney, financial stocks .AXFJ rose 0.6% with the 'Big Four' banks gaining between 0.3% and 0.6%.
Heavyweight mining stocks .AXMM jumped 0.4%, with Rio Tinto RIO.AX and Fortescue FMG.AX climbing 0.5% and 1.3%, respectively.
Gold stocks .AXGD rose 0.7%, after bullion prices jumped more than 1% on Friday. GOL/
Bucking the trend, energy stocks .AXEJ declined 0.9%, as oil prices fell following disappointing Chinese inflation data over the weekend stoked fears about demand. O/R
Woodside Energy WDS.AX and Santos STO.AX declined 0.8%, each.
TPG Telecom TPG.AX jumped as much as 1.6% to hit a more than 7-month high, after the telecom operator agreed to sell its fibre and fixed network infrastructure assets to telecommunications group Vocus for A$5.25 billion ($3.54 billion).
In New Zealand, the benchmark S&P/NZX 50 index .NZ50 fell 0.4% to 12,794.07.
Reporting by John Biju in Bengaluru; Editing by Rashmi Aich
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
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
