
Banks, energy stocks lift Australian shares as inflation data keeps rate-cut bets intact
Source: Live Mint May 29 (Reuters) – Australian shares advanced on Thursday, led by banks and energy stocks, a day after data showed that inflation remained steady in April and within the central bank’s target range, encouraging bets of further interest rate cuts this year. The S&P/ASX 200 index rose 0.2% to 8,414.80, as of…