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via businessnews.com.auMarkets

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
  1. 01Australia's share market gave up an early lead.
  2. 02An upside inflation surprise had markets betting on a rate hike.
  3. 03Markets are betting on the hike around Melbourne Cup day.

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

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