Australian stocks experienced little movement on Friday as mining and energy stocks underperformed, causing a slight dip in overall performance. This came as global investors analyzed the latest U.S. inflation data, which indicated that the Federal Reserve may have reached the end of its cycle of interest rate increases.
Mining and energy stocks struggled on Friday, putting downward pressure on the Australian stock market. Global investors closely examined the U.S. inflation figures, which suggested that the Federal Reserve could be nearing the end of its cycle of raising interest rates. This cautious approach to monetary policy by the Federal Reserve had an impact on Australian shares, contributing to the lackluster trading day.
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