Australian shares finish flat as rate increase looms
FROM THE WIRE · BUSINESSNEWS.COM.AU
Australia's share market has thrown away an early lead after an upside inflation surprise had markets betting on a Melbourne Cup interest rate hike.
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishAn upside inflation surprise raised bets on a rate hike, weighing on the market.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Australia's share market gave up an early lead.
- 02An upside inflation surprise had markets betting on a rate hike.
- 03Markets are betting on the hike around Melbourne Cup day.