Investors found it difficult to make meaning of this morning’s CPI data. Many hoped for a low figure to convince the Reserve Bank to cut interest rates, but whether it was low enough will remain unknown until Tuesday, when the board meets.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) flat at 5539 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) flat at 5615 points
  • AUD/USD at US 74.87 cents
  • Iron Ore at US$58.08 a tonne, according to the Metal Bulletin
  • Gold at US$1,319.27 an ounce
  • Brent oil at US$44.79 a barrel

The market chopped and changed today, but ultimately ended the session marginally higher.

The miners were the most vibrant, led by Fortescue Metals Group Limited (ASX: FMG). Its shares soared 7%, while BHP Billiton Limited (ASX: BHP) gained 3.1%.

The gold miners were generally strong as well. Newcrest Mining Limited (ASX: NCM) recovered 3.1% after a rise in the gold price, and Beadell Resources Ltd (ASX: BDR) lifted 7.3%.

The banks mostly traded flat for the day. Westpac Banking Corp (ASX: WBC) was the biggest mover, rising an uninspiring 0.2%.

Medibank Private Ltd (ASX: MPL) was another blue-chip that ended the day in the red, losing 2.2%. Graincorp Ltd (ASX: GNC) lost 5.7% as well, while SAI Global Limited (ASX: SAI) slipped 5.3%.

Things were brighter for iSentia Group Ltd (ASX: ISD) and Programmed Maintenance Services Limited (ASX: PRG). The pair rose 3.6% and 14.4%, respectively.

Here are Wednesday’s top stories:

  1. Fortescue Metals Group Limited shares go nuts on improved forecasts
  2. Does the 2016 Lithium Boom Have More Battery Power?
  3. Chart: The 5 ways Telstra Corporation Ltd makes money
  4. The Bear case for SEEK Limited?
  5. Chart: How Qantas Airways Limited makes and spends its cash
  6. Yowie Group Ltd plunges – is it a buying opportunity?
  7. Why iCar Asia Ltd shares tumbled on its quarterly update

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Motley Fool contributor Ryan Newman owns shares of iSentia Group Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.