Flat ASX Amid Data Centre Boom Warning

The Australian share market experienced minimal movement at midday AEST, remaining largely flat. Gains in mining giants Rio Tinto and BHP helped to offset losses recorded by major banks. Notably, Maas Group shares saw a significant rally, rising 10 per cent following a recent sale approval.

Reserve Bank of Australia Governor Michele Bullock addressed a parliamentary committee, warning about the potential inflationary impacts stemming from the nation's growing data centre boom. Ms Bullock emphasized that the RBA could not overlook these effects.

Meanwhile, ANZ's efforts to integrate Suncorp have reportedly led to some internal discomfort among workers due to accelerated integration pace and increased accountability brought by senior international hires.