The Australia market is stuck in a tug-of-war. Banks and speculative growth names under pressure as investors rethink how many rate cuts are really coming. On the other: a resilient resources complex, buoyed by gold, oil and parts of the energy transition trade.
On Wednesday, the S&P/ASX 200 hovered near a six-month low, slipping another 0.2% to 8454.9 despite strong gains from miners and energy names. The index is still digesting a $60 billion wipe-out from the prior session as investors de-risk ahead of US chip giant Nvidia's earnings. . .
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