ASX gains as Fed pauses rate hikes, following mixed market outlooks
The Age reported that on 28 October the S&P/ASX 200 rose 0. 4% after the Federal Reserve left its benchmark interest rate unchanged, while U. S. markets posted modest gains. Earlier in the week, The Motley Fool Australia noted that analysts expected the index to open lower on as oil prices rose, a buy recommendation was issued for Telix Pharmaceuticals and weaker gold prices weighed on sentiment.
The outlet also pointed to 's drivers, including the CSL annual general meeting, declining oil prices and a revised outlook for National Australia Bank. analysts projected a higher opening, citing ANZ's rating trim, easing oil prices and upcoming updates from PLS Group, Fortescue and Woolworths. The Age observed that on the ASX ended virtually unchanged after September inflation data showed a 4. 3% rise, prompting expectations of a Reserve Bank of Australia rate hike in November.
