ASX 200 live: underlying CPI lowest since Dec 2021; Star losses continue; Coles revenue up
Local stocks rise for a fifth day in a row amid expectations the Reserve Bank will deliver another 25 basis points rate cut in May, as inflation hit its target range for the first time since 2021. Technology and property stocks lead gains.
Welcome to the Trading Day blog for Wednesday, April 30. The ASX 200 index is up 0.5 per cent to 8108 points at 4.09pm AEST despite higher than expected inflation data for the March quarter.
Wall Street's major indexes all closed higher. The S&P 500 and tech-heavy Nasdaq indexes gained 0.6 per cent while the Dow Jones lifted 0.8 per cent.
Cryptocurrency giant bitcoin is above $US94,000.
The Aussie dollar is trading higher at US64c.
Originally published as ASX 200 live: underlying CPI lowest since Dec 2021; Star losses continue; Coles revenue up
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