Australia’s share market at its ‘best level’ in five months

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 78%

Business News News

Business Business Latest News,Business Business Headlines

CommSec’s Tom Piotrowski says the local share market is now at its best levels in around five months.

“Only six per cent away from a record high. And of course, all of that comes at the hands of extraordinary gains over the last week,” he told Sky News Australia.

“The lower-than-expected CPI figures that we have seen in the US have translated to a very significant rally or decline in long-term interest rates and that is what’s translated to these gains where stocks are concerned.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in BUSİNESS

Business Business Latest News, Business Business Headlines