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Australian Shares Climb Amid Easing Inflation, Flight Centre Soars

1/29/2025

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Summary

Story summary

Australian shares increased on Wednesday, with the S&P/ASX 200 index rising 0.6% to 8447 amid easing inflation.
Banks revised rate cut expectations to February, leading to a decline in the Australian dollar to US62.45¢.
Technology and data center stocks dropped due to concerns surrounding DeepSeek's AI model, affecting Nvidia and local firms.
Flight Centre surged 4.3% following a favorable analyst recommendation, while Nuix shares fell over 20% due to earnings worries.

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Story summary

Australian shares increased on Wednesday, with the S&P/ASX 200 index rising 0.6% to 8447 amid easing inflation.
Banks revised rate cut expectations to February, leading to a decline in the Australian dollar to US62.45¢.
Technology and data center stocks dropped due to concerns surrounding DeepSeek's AI model, affecting Nvidia and local firms.
Flight Centre surged 4.3% following a favorable analyst recommendation, while Nuix shares fell over 20% due to earnings worries.