From Brecorder · Reuters · · 30s
Australian Shares Hit 2-1/2-Month High
Lower oil prices boost Australian shares to two-and-a-half-month high.
In brief
Lower oil prices boost Australian shares to two-and-a-half-month high. Australian shares rose to a two-and-a-half-month high as lower oil prices fueled broad market gains. Originally reported by Brecorder.
Australian Shares Rally
Australian shares rose to a two-and-a-half-month high on Tuesday as lower oil prices boosted risk appetite.
Key Market Gains
The S&P/ASX 200 jumped 1.1% to 9,129, its highest since August 26, with miners and gold stocks leading gains.
Upcoming Data
Investors await US consumer price data for clues on the Federal Reserve’s policy trajectory.
Here's the gist
Australian shares rose to a two-and-a-half-month high as lower oil prices fueled broad market gains.
