Australian stocks fell 0.8 percent on Thursday, as no.4 lender Australia and New Zealand Banking Group (ANZ) led banks down after disappointing investors with a smaller dividend hike than expected.
The top miners also slid, as investors turned…
Read more about Australian Stock Market Wrap 4-29-10Inflation data released today have all but confirmed an increase in interest rates in Australia next month as the December quarter CPI data showed a gain in the headline rate of 0.5% quarter-on-quarter for the period. This was slightly higher than the 0.4% increase the market had expected and puts the annual rate at a gain of 2.1% year-on-year, up from 1.3% in the September quarter.
Read more about Australian Inflation Data Suggests Feb RBA Rate Hike