business / news / / SBS Australia
The Australian sharemarket bounced back from a seven-week low as easing tensions in the Middle East lifted investor confidence.
The Reserve Bank of Australia warns businesses are planning further price hikes soon.
KEY POINTS
- Australians remain pessimistic despite a recent slight lift in consumer sentiment indicators.
- ASX200 rebounded 1.2% as Middle East tensions eased, restoring some investor confidence.
- Energy stocks declined due to falling oil prices while supermarkets, banks, and telcos gained.
COMPANIES
Summarized by Newsio from SBS Australia. How we summarize →