Market Close 27 Sep 24: Aussie stocks close in on fresh all-time highs

CommSec Market Update

The Aussie share market experienced a volatile week, with a modest 0.03% weekly gain, narrowly missing a new record high. Mining stocks surged due to Chinese stimulus, but financials struggled as funds flowed out of banks and into materials. Inflation data in Australia was in line with expectations, but core inflation remains above target, keeping rate cuts in focus. The Reserve Bank held rates steady, while US inflation and upcoming jobs data are key indicators for the next moves in interest rates. A2 Milk stood out with a sharp stock price rise, halted due to speculation of a potential acquisition.

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