The Australian market is treading water as investors hold their breath ahead of a speculated interest rate reduction in the US, expected to be the first rate cut since 2020. At noon AEST on Wednesday, the benchmark S&P/ASX200 index was flat, up 1.1 points, or 0.01 per cent, at 8142.0, while the broader All Ordinaries […]
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In a choppy day of trade, the ASX200 was up 0.30% heading into the last hour of trade, where it sat earlier in the day. The IT and Materials were firmly in the lead ahead of late afternoon trades, with Real Estate following in the green. Utilities and telecoms led the fallers.
The ASX200 was up a quarter of a percent at lunchtime with materials in the lead, up just over 1%. Its gains were partially driven by iron ore prices climbing back to US$110.40 in Singapore; around a three-week high.