
Australian shares edged higher this week, with the ASX 200 gaining 0.4% as strength in US technology stocks flowed through to the local market. Seven of the eleven sectors finished higher, led by technology, while real estate lagged as the residential market slowed. Australian inflation also came in hotter than expected in July, increasing expectations of another RBA rate rise this year. Reporting season remained an important driver, with investors reacting strongly to company results that came in above or below expectations.
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