Market Close 27 Sep 24: Aussie stocks close in on fresh all-time highs

The Aussie share market experienced a volatile week, with a modest 0.03% weekly gain, narrowly missing a new record high. Mining stocks surged due to Chinese stimulus, but financials struggled as funds flowed out of banks and into materials. Inflation data in Australia was in line with expectations, but core inflation remains above target, keeping rate cuts in focus. The Reserve Bank held rates steady, while US inflation and upcoming jobs data are key indicators for the next moves in interest rates. A2 Milk stood out with a sharp stock price rise, halted due to speculation of a potential acquisition.   The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.