Australia’s share market finished the week on a strong note, with the ASX 200 gaining 2.3%. The Reserve Bank of Australia kept interest rates steady at 3.60%, as expected, but struck a slightly hawkish tone on inflation, particularly in the services sector, where price pressures remain persistent. That cautious stance has led markets to temper expectations for rate cuts later this year, now pricing in roughly half a cut by December. Healthcare stocks led the local rally, up 4.6%, taking cues from the sector’s strength in the US after Pfizer struck a new pricing deal with the White House.
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