Business
ASX firms 0.5pc, buoyed by RBA hint of possible easing – The Australian Financial Review
The Australian sharemarket rocketed to a seven-month high on Thursday as RBA governor Philip Lowe opened the door to further policy easing.
The major banks were among the market leaders despite only modest gains from the big four.
Commonwealth Bank advanced 0.9 per cent to $36.77, NAB rose 0.7 per cent to $19.23, ANZ firmed 0.3 per cent to $19.36 and Westpac climbed 0.4 per cent to $18,78.
The major miners also supported the gains despite the price of iron ore sinking further.
BHP Group firmed 2.1 per cent to $36.77, Rio Tinto advanced 1 per cent to $96.27 and Fortescue Metals Group rose 1.4 per cent to $16.62.
A strong rise in …
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