Australian shares approach a two-month peak, driven by a global rally after the US inflation report hints at potential stabilization in interest rates.
US CPI came in under expectations last night, which has helped S&P rally. This has triggered the stop loss on the S&P put warrants
Stocks rallied strongly while Treasury yields plummeted as US inflation numbers cooled by more than expected in October, bolstering investor expectations that the Federal Reserve hiking cycle is finished and inflation defeated.
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