Australian shares are trading flat, with banks and miners moving in a way that largely offsets earlier gains made on Tuesday. Market movement remains muted as traders do not see a strong push from key sectors, leaving the index around unchanged levels.
Both outlets say the broader backdrop is that investors are “shrugging off” strong overnight cues from the United States. While US markets post records, Australian trading does not follow through meaningfully, in part because advanced technology stocks are relatively scarce in the local market. This limits upside momentum and keeps sentiment subdued.
