Australian Shares Flat Amid Monadelphous Group’s Fiscal H1 Revenue Growth
We saw Australian shares close mostly flat today, even as one of the country’s major industrial groups posted very strong revenue growth. The S&P/ASX 200 barely budged, ending the session almost unchanged, reflecting caution among traders. The lack of major movement in the broader market highlights mixed sentiment. On the one hand, solid company earnings are encouraging. On the other hand, global fears, especially around tech stocks and foreign markets, are weighing on local confidence.
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