Weekly | Is $IFT a Safe Bet after 6.86% Jump in Volatile Markets?
As of the close on Friday, $S&P/ASX 200(XJO.AU)$ closed at 8,757.20 on Friday, up 2.06% in the past 5 days.The ASX 200 hit a record high on Friday, boosted by growing expectations of further rate cuts by the Reserve Bank of Australia due to signs of economic weakness. The index reached 8,776.4 points, with banks and mining stocks leading the gains.This rally followed a weak June jobs report showing stagnant growth and a rise in unemployment, which added to expectations of rate cuts. The RBA has already reduced the benchmark rate by 50 basis points to 3.85% this year amid falling inflation.1. $Infratil(IFT.AU)$ +6.86%Infratil was announced as a replacement for