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SYDNEY, AUSTRALIA - NewsWire Photos APRIL 15:A view of the digital boards at the ASX in Sydney. Photo: Gaye Gerard / NewsWire
Markets

ASX hits two-month high as investors eye May rate cut

Local stocks rise for a fifth day in a row amid expectations the Reserve Bank will deliver another 25 basis points rate cut in May, as inflation hit its target range for the first time since 2021. Technology and property stocks lead gains.

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The announcement will be made on Thursday.

Albo’s $1.2bn pledge amid tariff threat

The Albanese government will invest $1.2bn into Australia’s critical minerals supply, which will likely play a major role in negotiating a tariff carveout from the Trump administration.

Original URL: https://www.goldcoastbulletin.com.au/business/companies/page/4