Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Business
Derek Rose

'Goldilocks' data proves just right to boost shares

Australian shares have followed Wall Street higher on the back of positive rates news. (Joel Carrett/AAP PHOTOS)

The Australian share market has finished at a two-week high after US economic data supported hopes for rate cuts later this year while assuaging concerns about an economic slowdown.

The benchmark S&P/ASX200 on Thursday finished up 52.8 points, or 0.68 per cent, to 7,821.8, while the broader All Ordinaries gained 52.1 points, or 0.65 per cent, to 8,074.3.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.