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In the September quarter, the Australian equity market outperformed global equities, rising 7.8%, driven largely by a surge in mining stocks following China’s stimulus package.
In August, the market was supported by encouraging inflation data for July. Thanks to government energy measures, power costs came down, helping to lower annual inflation from 3.8% to 3.5%.
With economic growth slowing down, the Reserve Bank of Australia (RBA) might have room to ease policy sooner.
Higher than expected inflation figures saw markets price in a potential upward move on interest rates from the RBA.
Global equity markets, buoyed by a positive economic outlook and improved inflation data, more than recovered from April's decline in May.
Unexpectedly high global inflation, along with a re-evaluation of Federal Reserve policies and an increase in bond yields, led to a notable decline in equity markets in April.
Global equities continued their upward trajectory, buoyed by robust economic indicators and earnings, with a 3% rise in March and a quarterly gain of 14.1%,the strongest since 2013.
