Business
Banks lift ASX ahead of inflation data – Yahoo Finance Australia
Investors have lost a little confidence and the Australian share market was lower after news of a historic fall in inflation.
The Australian share market has given up early gains after news of a record drop in inflation, with the benchmark index trading nearly flat at noon.
The S&P/ASX200 index was trading 2.6 points, or 0.04 per cent lower, at 6017.9 points by 1200 AEST after climbing as much as 0.5 per cent in early trading on the back of gains in banking stocks.
The All Ordinaries index was lower by 5.8 points, or 0.09 per cent, at 6141.0.
The indices lost ground after data from the Australian Bureau of Stati…
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