(Bloomberg) -- Australian stocks rebounded from earlier losses. Commonwealth Bank of Australia led banks higher after consumer prices rose less than anticipated in the first quarter, damping expectations the central bank will increase interest rates next week.
The S&P/ASX 200 Index climbed 12.0, or 0.2 percent, to 6221.70 at 11:35 a.m. in Sydney, recovering from an earlier 0.5 percent decline.
Read more at Bloomberg Stocks News
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