Slowest US Inflation Since 2021 Lifts Australian Shares to Fifth Day of Gains

MT Newswires Live08-15

Slowest US Inflation Since 2021 Lifts Australian Shares to Fifth Day of Gains Australian shares continued to rise for the fifth straight day, supported by rising bets that the US Federal Reserve will ...

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The employment-to-population ratio increased to 64.3% in July from 64.2% the previous month, while the participation rate rose to 67.1% from 67% in June.\"With the participation rate at new highs, the Reserve Bank of Australia has room to keep rates on hold in September while assessing incoming data,\" said Tony Sycamore, IG market analyst for Australia.In company news, Artemis Resources (ASX:ARV) closed 20% higher Thursday after discovering \"exceptionally\" high-grade gold mineralization at its Titan prospect within the Karratha gold project in Western Australia. Rock chip samples returned assays exceeding 10,000 grams per tonne of gold, with other samples yielding 6,520 g/t and 10.2 g/t of gold.Cochlear (ASX:COH) reported that its earnings per share for the 12 months ended June 30 rose to AU$5.430, compared with AU$4.561 in the year-ago period. Statutory net profit was AU$356.8 million, up 18% from AU$300.6 million a year ago. Shares of the medical device company fell 7%.","kind":null,"is_publish_news":false,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2459541896"}