Australian stocks went up due to mining companies and the Federal Reserve’s interest rate decision.

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Australian stock exchanges experienced a notable rise in value on the final trading session of last week. This positive swing was primarily catalysed by the bolstering of both mining and financial stocks. This trend can be attributed in part to the promising outlook of the global sentiment, which appeared largely optimistic and favourable. This bullish environment was significantly influenced by recent pronouncements made by the U.S Federal Reserve.

The American central bank suggested that there might be a reduction in borrowing costs in the upcoming year. This has been perceived as welcome news by various global stakeholders and investors, as lower borrowing costs could be a potential catalyst for increased business activities and consumer spending. It is expected that this announcement will have far-reaching impacts, especially within sectors like the stock market, investment, and international trade, and thus, could potentially spur greater growth in the Australian shares in the near future.

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