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Australia shares notch best day in two months on easing rate-hike fears

Australian stocks recorded their best single-day performance in two months as investors grew more confident that further interest rate hikes may be less likely in the near term. The rally was driven by gains across key sectors, including financials and consumer stocks, amid improving sentiment over inflation and monetary policy. Market participants welcomed signs that borrowing costs could stabilize, boosting risk appetite and supporting broader market gains.

Written By: TDG Syndication
Last Updated: June 12, 2026 12:48:11 IST

* Banks surge; CBA gains 1.8%, NAB rises 1.7% * Discretionary stocks notch best week since April 2020 * S&P/NZX 50 index closes up 1.5% (Updates to close) By Nichiket Sunil June 12 (Reuters) – (The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

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