Australian Bourse Gets a Boost After Offshore Rate Cuts

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. The broader All Ordinaries gained 38 points, or 0.8 percent, to 8552.6. Overnight, the U.S. Federal Reserve and the Bank of England both announced rate cuts of 25 basis points, which was in line with expectations. Fed chair Jerome Powell took questions on the influence of the U.S. election on the economy and rates outlook, reflecting inflation risks from the Trump agenda, but was wary about speculating as the timing, details, and extent of the policy rollout were still in question....