FX.co ★ Australian Shares Remain at Over 1-Month High

On Monday, the S&P/ASX 200 inched up by 0.1% to reach 8,992, building upon gains from the previous week and marking its highest level in over a month. Investors evaluated the latest Monthly Inflation Gauge from the Melbourne Institute, which indicated a 0.4% rise in September 2025, recovering from the 0.3% decline observed in the previous month. This recent data implies that third-quarter inflation may exceed expectations, even as the Reserve Bank of Australia continues its efforts to maintain inflation within the target range of 2–3%. Market participants are now keenly awaiting statements from RBA officials this week, which are anticipated to shed light on the central bank’s policy direction in response to the latest inflation figures. Gold mining stocks continued to bolster the index, supported by strong commodity prices. Evolution Mining saw an increase of 2.2%, and Northern Star Resources advanced by 1.9%. On the contrary, significant underperformers included Xero Limited, down by 1.7%, REA Group Ltd, which fell by 1.5%, and Wisetech, declining by 1.3%.