ASX rises after Wall Street gains on inflation data; BHP, Rio jump
The Australian sharemarket opened stronger, shrugging off rising oil prices after an unexpectedly sharp slowdown in US inflation boosted Wall Street
2 sources
The Australian sharemarket has opened stronger, shrugging off another rise in oil prices. The positive opening follows an unexpectedly sharp slowdown in United States inflation, which fuelled gains on Wall Street.[1][2]
Major mining companies BHP and Rio Tinto saw their shares jump during the market rise, reflecting the broader positive momentum driven by the international economic data.[1][2]
