The Australian share market rose on Wednesday, supported by a broad rally across most sectors.
The benchmark S&P/ASX 200 Index climbed 47.3 points or 0.6%, to close at 8406.7, with 10 out of 11 sectors in the green.
The consumer discretionary sector was the best performer, up 1%, led by a 13.5% surge in Web Travel after the company posted an underlying half-year net profit of $52.5 million.
This came less than two months after Webjet spun off its consumer businesses into a separate listed entity, making it the best-performing stock on the ASX 200.
Other consumer stocks also saw gains, with Harvey Norman rising 2.3%, and Aristocrat Leisure climbing 1%.
Meanwhile, Small-cap retailer City Chic Collective took a hit, sinking 26.7% after disappointing market expectations during its AGM.
The financial sector also had a strong day, led by Commonwealth Bank, which gained 2%. Westpac added 0.6%, National Australia Bank rose 0.1%, and ANZ increased 0.3%.
Locally, focus shifted to the monthly inflation data, which held steady at 2.1% annually in October.
Additionally, New Zealand's Reserve Bank made headlines with a 50 basis point cash rate cut to 4.25%.
On the bond markets, 10-year and 2-year rates were at monthly lows of 4.422% and 4.008%, respectively.
