Australian shares are experiencing a downward trend, influenced by a weak overnight session on Wall Street and despite the November inflation gauge showing a faster-than-expected cooling. The S&P/ASX 200 has declined by 0.3%, down 21 points to 7499, with the All Ordinaries also recording a 0.3% decrease. Among the 11 sectors, miners are the most adversely affected, experiencing a 1.4% drop, driven by prominent iron ore companies such as BHP, Rio Tinto, and Fortescue, which are down over 1.5% due to a prolonged decline in commodity prices. Conversely, uranium stocks are thriving, propelled by the US Department of Energy’s announcement of seeking a domestic enriched uranium supply. Paladin Energy has surged by 10.1% to $1.16, while Boss Energy is up 5.3% to $4.87. Inflationary pressures have moderated, with Australia’s November consumer price indicator easing to 4.3% annually, slightly below analysts’ expectations of 4.4%.