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Australian shares rise as RBA governor warns inflation risks materialising
Australian shares climbed on Friday, buoyed by mining stocks riding stronger commodity prices, while the central bank governor warned inflation risks were materialising and traders held onto bets of further tightening later this month. The S&P/ASX 200 index rose 0.3% to 8760.6 points as of 0002 GMT, extending gains to a third session. It was on track for its best week in three with a rise of around 0.2%. The Reserve Bank of Australia’s Governor Michele Bullock said that the Middle East conflict and the AI boom were putting upward pressure on prices. July inflation came in hotter than antic...
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