Australia’s stock market soared to its highest level since March as inflation cooled to 3.8%, slashing chances of a Reserve Bank rate hike and sparking investor optimism. All 11 sectors rallied, marking the strongest day in four weeks — a broad-based surge from mining to healthcare to finance. Rio Tinto posted a 47% profit jump, CSL’s new clinical trials lifted healthcare stocks, and finance nears all-time highs. Energy rebounded on oil price gains amid geopolitical tensions, while Woodside rose on strong revenue despite slight production adjustments. The Aussie dollar dipped against the US dollar as markets reflect a resilient, recovering economy fueled by easing inflation and stellar corporate results.
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