The Australian share market rallied on softer inflation data, reversing early losses to close near session highs. Tech and consumer discretionary stocks led gains as investors priced in a likely pause at the next RBA meeting. Banks recovered from morning weakness, while most sectors participated in the advance. Key upcoming catalysts include US tech earnings and Middle East developments.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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