In a promising uptrend, Australian shares surged to their highest level in over two weeks on Monday. The rise was mainly attributed to the strong performance of financial stocks, with Westpac, a leading lender, emerging as one of the top gainers. While this positive trend unfolded, investors eagerly anticipated the upcoming monetary policy decision by the central bank, which could potentially bring further momentum to the market.
The bullish sentiment in the Australian share market was predominantly driven by the impressive performance of financial stocks. Among these, Westpac stood out as one of the major gainers. This contributed to the overall surge in the market, pushing shares to their highest level in over two weeks. Investors closely monitored the situation, particularly as they awaited the central bank’s decision on its monetary policy. The outcome of this decision has the potential to significantly impact the trajectory of the market in the near future.
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