Aussie shares rise for first time in new financial year

(Image: NZME)

Thu, 04 Jul 2024

By Derek Rose in SydneyThe local share market has enjoyed its first day of gains in the new financial year, helped by dovish comments from US Federal Reserve chairman Jerome Powell and better-than-expected domestic retail sales data.The benchmark S&P/ASX200 index on Wednesday finished up 21.7 points, or 0.28%, to 7,739.9, while the broader All Ordinaries gained 26.4 points, or 0.33%, to 7,986.1.At a monetary policy conference in Sintra, Portugal, Mr Powell overnight sounded a touch more dovish than his more recent messaging, hailing the &qu...

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