Australia's sharemarket has closed higher but sudued after spiking on the back of a complex economic growth report as markets narrowed bets on a 2026 interest rate cut.
The S&P/ASX200 rose 15.5 points on Wednesday, up 0.18 per cent, to 8,595.2, as the broader All Ordinaries gained 16.7 points, or 0.19 per cent, to 8,894.2.
The top-200 surged more than 40 points on the back of weaker-than-expected but better-than-feared September growth figures, but eased to a relatively meagre gain as markets fully-priced an interest rate cut by December 2026.
Despite the uninspiring market move, eight of 11 local sectors ended the session higher, led by utilities, real estate stocks and the tech sector.
The Australian dollar is buying 65.80 US cents, trading at three-week highs with help from the adjusted monetary outlook, and up from 65.53 US cents on Tuesday at 5pm.
