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2025-11-03 16:04:14
[Australian Stocks Rebound, Driven by Financial Stocks] ⑴ The Australian S&P/ASX 200 index rose 0.2% on Monday to close at 8895 points, rebounding after falling to a more than one-month low in the morning session, driven by heavyweight financial stocks. ⑵ Westpac shares rose 2.8%, near record highs, despite the bank reporting a decline in annual profits and announcing the sale of its RAMS mortgage portfolio. ⑶ Commonwealth Bank of Australia rose 2.3%, while National Australia Bank and ANZ Group both rose 0.9%. ⑷ Economic data was mixed ahead of Tuesday's central bank monetary policy meeting. ⑸ ANZ-Indeed job advertisements fell 2.2% month-on-month in October, indicating a continued cooling of the labor market and providing a basis for future interest rate cuts. ⑹ The Melbourne Institute's monthly inflation gauge rose 0.3% month-on-month, supporting the view that inflation is picking up and that interest rate cuts are premature.
