Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Economic Times
The Economic Times
Business

Global markets: Australian shares rebound as banks and consumer stocks rally

Australian shares rebounded on Wednesday, snapping a three-session losing streak, as gains in banks and consumer stocks followed softer economic data that reduced expectations of another rate ‌hike.

The benchmark ⁠S&P/ASX 200 ⁠index rose 0.6% to 8,653.30 points after three straight sessions of losses.

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.