PM 29 Jul 26: ASX hits 5 month high as Inflation cools

The Australian share market reached a five-month high on Wednesday, crossing the nine thousand point mark for the first time since April. Softer-than-expected inflation data drove a strong rally, with all eleven sectors improving. Healthcare led gains while consumer discretionary recovered. Rio Tinto released half-year results ahead of August earnings season. Key catalysts ahead include the US Federal Reserve decision and major tech earnings from Microsoft, Meta, Apple and Amazon. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. Check out our Market News page Follow us on:InstagramLinkedInYouTubeTikTok 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.