Aussie shares surge on softer inflation data | 7NEWS

2 hours ago The News Room

The Australian share market recorded its biggest gain in eight weeks following softer-than-expected inflation data for August, easing concerns about another interest rate hike in November. All 11 sectors rose, with property and retail stocks performing strongly, while Goldminer Northern Star continued to benefit from a $40 billion takeover offer. The Australian dollar weakened below US$0.70 amid the market movements.

This market update is sponsored by CommSec.

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