Market Close 29 Jan 25: Softer inflation boosts rate cut hopes

The Aussie stock market rebounded strongly today, with inflation data fueling expectations of an imminent interest rate cut by the Reserve Bank. Softer-than-expected inflation figures pushed the likelihood of a February rate cut from 80% to 90%, boosting investor confidence and driving the ASX closer to record highs. Locally, all 11 sectors ended higher, led by tech, utilities, and property. Company news saw Star Entertainment surge 15% after selling its Sydney event centre, while Pilbara Minerals gained on strong lithium results. Investors now turn their focus to major U.S. tech earnings and upcoming central bank decisions, which could set the tone for markets in the days ahead.   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.