Australian shares slip to four week low as core inflation softens May hike fears

Published on 29 April 2026

A cooling core inflation print briefly lifts stocks

Australian shares ended near a four-week low after selling pressure, but early losses narrowed when a softer-than-expected core inflation reading cooled expectations of a May rate hike. Traders still remain cautious because underlying inflation trends have not fully eased, keeping rate uncertainty in focus across global markets.

Australian shares closed near a four-week low despite early volatility
Softer core inflation reduced odds of a May rate hike
Underlying inflation trends continue to worry investors
Market outlook remains sensitive to incoming inflation data

#core inflation #stock market #interest rates #global markets #australia

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Australian shares slip to four week low as core inflation softens May hike fears

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