Australian shares rise as US rate cut hopes fuel global sentiment; ends week lower

Sep 12, 2025, 14:11 GMT+7
Key points:

• S&P/ASX 200 gains 0.7%; posts weekly loss
• U.S. jobs, inflation data fuel dovish sentiment
• Financials rise 1.2%, miners gain 1.5%
• Gold stocks scale record closing high

(Reuters) - Australian shares ended higher on Friday, lifted by broad sector gains as a global markets rally on growing bets of a U.S. rate cut next week buoyed risk sentiment and eased borrowing cost concerns globally.
The S&P/ASX 200 indexclosed 0.7% higher at 8,864.9 points. However, it fell slightly lower this week.
U.S. inflation and jobs data fuelled optimism around a potential Fed rate cut next week, and this renewed confidence lifted global sentiment, in turn buoying Australian equities.
Doves dominated the local equity market trade on hopes of a lower interest rate environment following the U.S. data release, Michael McCarthy, Australia and New Zealand CEO of trading platform Moomoo, said.
This helped rate-sensitive banks and real estate stocks drive the day's gains, he added.
The financials sub-index rose 1.2% after Australia's "Big Four" lenders closed more than 1% higher, recovering some of the A$3.17 billion ($2.11 billion) lost in market value in the last four sessions.
Real estate stocks added 1.3%, with data centre landlord Goodman Groupgaining 2%. The sub-index added 1.8% this week.
Minersgained 1.5%, but posted weekly losses. Global majors BHP and Rio Tintoclimbed 1.3% and 1.1%, respectively.
Gold stocksscaled a fresh peak, advancing 2.1% on higher underlying bullion. Bellevue Goldwas the benchmark's top percentage gainer.
However, the energy sub-indexfell 2.4%, tracking a drop in oil prices. Woodside Energylost 3.4%.
New Zealand's benchmark S&P/NZX 50 indexfinished flat at 13,227.9 points. Investors are awaiting the country's growth figures and current account data due next week.
($1 = A$1.5015)

Sumber : Reuters