From Nasdaq: 2025-01-07 22:25:44

The Australian stock market surged as investors reacted positively to a slowing Core CPI, signaling a potential rate cut by the Reserve Bank of Australia in February. The S&P/ASX 200 Index rose by 0.93 percent to 8,362.20, with top gainers including Bellevue Gold and Regis Resources. However, Deep Yellow and ZIP Co experienced declines. The AUD/USD pair is currently trading at 0.6229, reflecting the pressure on the Aussie Dollar due to rate cut hopes. Recent data from the Australian Bureau of Statistics showed a 2.3 percent increase in the monthly Consumer Price Index, with core inflation dropping to 3.2 percent annually.



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