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The extension could reduce near-term inflation pressures, supporting consumer spending and broader equity sentiment in Australia, which benefits EWA's diversified exposure. However, persistent oil-volatility and FX risks may cap upside and introduce potential headwinds for commodity-driven components.
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Australia extended fuel excise relief for one more month to ease costly fuel amid Iran war-driven oil volatility. The policy could dampen near-term inflation and support consumer spending, providing a modest tailwind for Australian equities via EWA. If relief persists, EWA's energy- and materials-exposed components may show steadier earnings momentum in the coming weeks.
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