Shares hit record high; RBA cautious on inflation
Hey everyone, the Australian stock market was absolutely on fire on Tuesday! 🔥
It hit an all-time high, and miners were the real MVPs, leading the charge! 🏆
The S&P/ASX 200 index rose 0.1% to 7,902.80, extending its gains and setting a new record. 📈 It's been a busy few days for market watchers, with the Australia and New Zealand markets closed for holidays on Friday and Monday. But the excitement was worth the wait!
And the real buzz?😮😮😮 The Reserve Bank of Australia's (RBA) March policy meeting minutes revealed that the central bank didn't discuss hiking interest rates this time, which was a bit of a surprise after previous meetings. But they're still taking their time to be confident about inflation and rule out any future moves. 🤔
However, on the other hand, the Australian stock market experienced a slight decline at the end of Tuesday. 😔Losses in telecommunications services, healthcare, and real estate trusts led to a slight decline in the overall market. The S&P/ASX 200 index ended the day down 0.11%📉
The S&P/ASX 200 index rose 0.1% to 7,902.80, extending its gains and setting a new record. 📈 It's been a busy few days for market watchers, with the Australia and New Zealand markets closed for holidays on Friday and Monday. But the excitement was worth the wait!
And the real buzz?😮😮😮 The Reserve Bank of Australia's (RBA) March policy meeting minutes revealed that the central bank didn't discuss hiking interest rates this time, which was a bit of a surprise after previous meetings. But they're still taking their time to be confident about inflation and rule out any future moves. 🤔
However, on the other hand, the Australian stock market experienced a slight decline at the end of Tuesday. 😔Losses in telecommunications services, healthcare, and real estate trusts led to a slight decline in the overall market. The S&P/ASX 200 index ended the day down 0.11%📉
It seems that the market is still full of uncertainty! However, this is also the charm of the stock market, isn't it? Let's wait and see what will happen next👀👀👀 $BHP Group Ltd(BHP.AU$ $Pilbara Minerals Ltd(PLS.AU$ $Rio Tinto(RIO.US$ $S&P/ASX 200(.XJO.AU$ $S&P/ASX 200(.XJO.AU$
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