The Australian share market edged higher on Wednesday as BHP and the materials sector drove gains despite mixed performance across other segments. Softer US inflation data and strong earnings from major banks provided support, though Chinese economic growth disappointed. Energy stocks retreated despite rising oil prices, while financials offered modest contributions. BHP's strength ahead of tomorrow's results was a key factor in the session's overall performance.

Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean.

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