Australian Shares Reach Record Highs Amid Strong Earnings and Inflation Concerns

Australian shares reached record highs for two consecutive days, driven by strong earnings from major companies including Woolworths, WiseTech, BHP, and Ramsay Health Care. Miners, healthcare, and technology sectors led gains amid a buoyant earnings season and rising commodity prices. Despite higher-than-expected inflation data increasing expectations of a potential rate hike, investors remained focused on corporate performance. Some sectors like energy and gold saw declines, while Qantas Airways shares fell due to profit concerns.