Podcasts · CommSec Market Update
PM 30 SEP 26: ASX surges on cooler inflation data
· 9:28
Episode PM 30 SEP 26: ASX surges on cooler inflation data
The Australian share market rallied strongly on Wednesday after softer-than-expected inflation data eased concerns about future rate hikes. The ASX 200 enjoyed its best day in eight weeks, with property trusts and consumer discretionary stocks leading gains. Property giant Lendlease surged after announcing an asset sale, while defence and mining stocks showed mixed performance. Markets now pricing a lower chance of a November rate rise, though upcoming jobs data and quarterly inflation figures will continue to shape expectations.
Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.
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