Australian Bourse Gets a Boost After Offshore Rate Cuts

Australian’s four major banks face the highest risk from money laundering and terrorism financing (ML/FC), according to AUSTRAC’s latest banking sector risk assessments. Reuters/Staff

The Australian share market has climbed for its third day in a row on hopes of stimulus from Beijing and a U.S. central bank cautious when queried on the inflationary outlook under a second Trump presidency.

At close on Nov. 8, the S&P/ASX 200 index finished 68.8 points, or 0.8 percent, higher at 8295.1.