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Trading Day: S&P/ASX 200 ends up 0.4% after fall in CPI data; real estate, financials lead gains

Australia's sharemarket enjoyed broad gains as low CPI data boosted growth and bond proxy stocks, while banks were also strong. Premier nabs JB Hi-Fi boss, Coles sees sales drop for first quarter in 13 years.

David Rogers and Elise Shaw

Australian investors will be watching Wall Street’s reaction to this week’s Fed update. Picture: AAP

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5:00AMApril 28, 2021.

Updated 5:26PMApril 28, 2021

The Australian Business Network

Welcome to the Trading Day blog for Wednesday, April 28. Australia's sharemarket enjoyed broad gains as low CPI data boosted growth and bond proxy stocks, while banks were also strong. Premier nabs JB Hi-Fi boss, Coles sees sales drop for first quarter in 13 years.

Wall Street closed near flat as investors awaited a Fed update and tech earnings. The Dow ended flat, the S&P 500 closed down less than 0.1 per cent and the Nasdaq lost 0.3 per cent.

Locally, quarterly inflation figures released by the Australian Bureau of Statistics surprised the market.