Business
ASX gains on banks, miners; Boral’s Fagg to retire in 2021 – The Australian Financial Review
The sharemarket rose 0.5 per cent as banks and miners advanced after RBA governor Philip Lowe signalled more easing. Whitehaven soared 11 per cent. Audinate, Re…
The Australian sharemarket finished higher after Reserve Bank of Australia governor Philip Lowe signalled more easing may be coming through the purchase of longer dated bonds.
The S&P/ASX200 Index rose 31.1 points, or 0.5 per cent, to 6210.3 points as Dr Lowe kept the door open to more monetary stimulus.
The need for more support for the economy was underscored by a rise in the jobless rate in September to 6.9 per cent from 6.8 per cent in August.
Banks and miners paced the rally. BHP w…
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