ASX: Australian shares rally ahead of key inflation readout

(Image: Getty)

Tue, 30 Jul 2024

By Derek RoseThe local share market has rallied at the start of a busy week of central bank meetings overseas and a key inflation readout domestically.The benchmark S&P/ASX200 index closed Monday up 68.3 points, or 0.86%, to 7,989.6, while the broader All Ordinaries gained 70.9 points, or 0.87%, to 8,224.3.Just after 11am the ASX200 reached a 10-day high of 8,000, but held that level for less than a minute.ANZ analysts Brian Martin and Daniel Hynes predicted on Monday the US Federal Reserve would leave rates on hold and issue dovish comment...

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