Live updates: ASX, global markets rally on optimism US rate rises will be paused as inflation slows – ABC News
The local share market has finished in positive territory, but off the highs of the session.
The ASX 200 and the All Ordinaries closed around 0.3 per cent higher.
The best and worst performers remained fairly consistent through the day — materials led the charge, with a good showing by the major miners, particularly Fortescue (+4.3%).
The big banks also helped boost the market, led by a 1.3 per cent gain for Westpac.
CSL was the worst-performing individual stock on the benchmark index, as its guidance for the next financial year disappointed.
Around the region, Tokyo’s Nikkei 225 has been the strongest performer, gaining around 1.5 per cent — hitting a fresh three-decade high during the session.
The Australian dollar remains around 67.7 US cents.
The ANZ-Roy Morgan weekly survey showed consumer confidence dropping to a three-year low, as the ‘time to buy a major household item’ reading plunged.
“Consumer confidence fell to its lowest since April 2020 and was among the four weakest…
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source: https://news.oneseocompany.com/2023/06/13/live-updates-asx-global-markets-rally-on-optimism-us-rate-rises-will-be-paused-as-inflation-slows-abc-news_2023061346080.html
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