Business
ASX hits 11-month high, rising 0.4pc as BHP, Ansell shine – The Australian Financial Review
The ASX advanced for a second straight session on Wednesday as investors welcomed comments from Janet Yellen and updates from BHP and Ansell.
Dr Yellen’s appointment is “market friendly from a growth perspective,” the fund manager said.
Markets are, overall, taking a wait and see approach as the change of US administrations gets underway, he said. “I don’t think that the market is ready to make big calls at this juncture.”
Corporate updates also helped give the Australian market direction.
BHP shares rose 0.9 per cent to $46.30 after Australia’s second-biggest iron ore miner completed its most productive six months on record, shipping…
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