Global Markets | Australian shares end at one-week high as miners, energy stocks gain

Global commodity price movements often influence Indian metal and energy stocks. Positive sentiment in these sectors internationally can provide a tailwind for their Indian counterparts.

• •Australian shares closed higher, marking a weekly peak.
• •Mining stocks rallied.
• •Investor sentiment remained cautious following the Reserve Bank of Australia's recent rate hike and warnings about inflation.
• •Markets are now split on the likelihood of further rate increases, with upcoming employment data eyed closely.
• •Risk flag: Global inflation concerns could lead to demand destruction.