Aussie Shares Jump as Rate Hike Fears Ease

RBA seen hiking again as growth slows – TD Securities

TD Securities strategists Prashant Newnaha and Alex Loo note that Australian Q1 Gross Domestic Product (GDP) matched the Reserve Bank of Australia’s (RBA) 0.3% q/q implied forecast, but highlight that household and government spending are weak while data centre investment props up activity. They stress that the economy is still growing above its speed limit and expect one final 25 bps RBA hike in August. RBA path shaped by weak demand “Q1 GDP la…

Aussie shares jump as rate hike fears ease

Slower-than-expected economic growth handed the ASX 200 a surprise boost, as two of the biggest stocks traded at a record high.

Aussie shares lift as weak growth softens rate outlook

Australia's share market is edging higher on the back of miners and energy stocks, as March quarter economic growth came in softer than expected.

ASX gains on rate optimism; Mining, energy stocks jump, Bitcoin tumbles

The Australian sharemarket powered ahead after weaker-than-expected GDP growth boosted optimism for an interest rate reprieve from the Reserve Bank.

Aussie shares bounce as rate hike fears ease for now

Australia's share market has snapped a two-session losing streak after weaker-than-expected economic growth softened the outlook for further interest rate hikes.

ASX Gains Amid Missed Growth Forecasts

Australia’s economy grew by a modest 0.3 per cent in the first quarter, missing analyst forecasts, though the ASX saw gains near noon (AEST) today. The nation’s gross domestic product expanded by 2.5 per cent over the 12 months to March. Market buoyancy was primarily driven by the mining and energy sectors, with diversified miner BHP achieving a new record high. Additionally, shares in food company Maggie Beer Holdings surged by an impressive 14…