Australian stock market hits two-week high, nears record with positive global cues and strong earnings

From Google: 2024-10-13 23:55:54

1. Australian stock market reached a two-week high, edging closer to its all-time record as investors remained optimistic about economic recovery.
2. The S&P/ASX 200 index rose 0.5%, hitting 6905.7 points, led by gains in financial and tech stocks.
3. Healthcare stocks also saw an increase, with CSL Ltd and Sonic Healthcare Ltd both rising.
4. Positive global cues and strong corporate earnings drove the market’s upward momentum.
5. The Australian dollar went up to $0.7797, its highest level in almost three years, supported by strong economic data and rising commodity prices.



Read more at Google: Aussie shares hit two-week high, creep towards record – MSN