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Australian shares finish at fresh 7-month highs

Stock Markets Dec 01, 2022 16:22
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By Oliver Gray 

Investing.com - The S&P/ASX 200 added 70.2 points or 1% to fresh 7-month highs of 7,354.4 during Thursday’s session as market participants cheered prospects of smaller interest rates hikes from U.S. Federal Reserve policymakers.

Among stocks, Materials outperformed, rallying 2.7% overall. Rio Tinto Ltd (ASX:RIO) lifted 3.2%, BHP Group Ltd (ASX:BHP) gained 2%, Fortescue Metals Group Ltd (ASX:FMG) added 3% and Champion Iron Ltd (ASX:CIA) rallied 5.4%.

Industrials and Utilities added 0.3% and 1.2% respectively, with Reece Ltd (ASX:REH) adding 3.2% and Brambles Ltd (ASX:BXB) up 0.7% while Origin Energy Ltd (ASX:ORG) added 1.2%, AGL Energy Ltd (ASX:AGL) gained 1.3% and Genesis Energy Ltd (ASX:GNE) lifted 5.8%.

On the bond markets, Australia 10-Year rates were at 3.49% while United States 10-Year rates were at 3.609%.

In New Zealand, the NZX 50 added 0.9% to 11,654.6.

Australian shares finish at fresh 7-month highs
 

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Comments (8)
Michael Jennings
Michael Jennings Dec 01, 2022 21:19
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That's it.. Weekend starts tomorrow.
Ryan Grant
Ryan Grant Dec 01, 2022 21:19
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I was so confused! are they going on leave? Or predicting the future!!
Marcelo Alonso
Marcelo Alonso Dec 01, 2022 18:37
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It's Friday already!
Tracy Wist
Tracy Wist Dec 01, 2022 16:53
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Thursday today guys 😎
BEE financial
BEE financial Dec 01, 2022 16:43
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youre drunk
Paschal Leahy
Paschal Leahy Dec 01, 2022 16:38
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pesky international date line at work again.
Clint Lucas
Clint Lucas Dec 01, 2022 16:34
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Taking a long weekend Investing.com??
Mark West
Mark West Dec 01, 2022 16:30
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it's Thursday, not Friday!
Alan Barker
Alan Barker Dec 01, 2022 16:30
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Shame it’s still Thursday
 
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