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 …
-
Noosa News21 hours agoOne-punch killer jailed for hospital and prison assault
-
Noosa News21 hours agoThieves crash car into Gladstone Central Plaza in Central Queensland to rob jewellery shop after hours
-
Noosa News23 hours agoPolice say recent arrests highlight risk posed to children by online predators
-
Business21 hours ago5 ASX growth shares to buy and hold