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Miners lift Australian shares ahead of inflation data
Australian shares are heading into their fourth consecutive session of gains on Wednesday, as heavyweight miners rose on stronger copper prices, while investors await the key inflation print due shortly. The S&P/ASX 200 index rose 0.9% to 8,823.90 by 0017 GMT, set for its highest closing level since September 7. Investors’ attention shifts to the release of third-quarter consumer price figures at 0030 GMT, with the core inflation rate forecast to rise a steep 1.0% and the annual pace to stay at 3.6%, well above the central bank’s target range of 2% to 3%. Sticky inflation could force the c...
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