Australia shares rise as inflation worries ease, travel stocks surge – Reuters

3 Min Read

* Travel stocks jump on news of support package

* Gold stocks hit 10-day high

March 11 (Reuters) – Australian shares tracked global markets higher on Thursday, as inflation concerns eased after a report on U.S. consumer prices, while domestic travel stocks surged on expectations of a government package to support the sector.

A U.S. Congressional approval to a $1.9-trillion COVID-19 relief package also aided sentiment.

The S&P/ASX 200 index gained 0.2% to 6,731.1 by 2304 GMT. The benchmark closed 0.8% lower on Wednesday.

Travel-related stocks surged as Prime Minister Scott Morrison is set to announce a A$1.20 billion ($927.8 million)

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