Australian shares remain under a cautious cloud, with the earlier pullback in banks and miners still framing the session as sticky inflation near 4% keeps rate hike expectations al
Australian shares remain under a cautious cloud, with the earlier pullback in banks and miners still framing the session as sticky inflation near 4% keeps rate hike expectations alive heading into year end. The news flow today is dominated by domestic headlines, from healthcare worker strikes in Victoria to a fresh coalmine approval fight in the Hunter Valley, neither of which shifts the broader market pulse much. With the currency still sitting below 70 US cents, the market continues to weigh firm prices against a softening growth and housing picture.
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Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works