Market Close 16 May 25: Longest winning streak in 9 months for Aussie stocks
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Market Close 16 May 25: Longest winning streak in 9 months for Aussie stocks
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The Aussie share market notched its eighth straight day of gains—its longest winning streak in nine months. Locally, strong wages and jobs figures haven’t shifted expectations for a possible rate cut when the RBA meets next week—though some speculate rates could remain on hold. Key sectors like materials and tech led the charge, while financials wobbled despite CBA briefly hitting a record high. Investors will be watching next week’s RBA decision closely, along with China’s major economic data release on Monday.
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