ASX 200 live: RBA rate cuts trimmed after jobs spike; TWE change of guard; IAG wins RAC WA battle
The sharemarket has closed higher for a seventh day in a row following April's 89,000 jobs bounce and expectations the Reserve Bank will cut interest rates on Tuesday. CBA continues to power ahead, hitting a record of $169.74. GrainCorp soars on profit upgrade.
Welcome to the Trading Day blog for Thursday, May 15. The ASX 200 index is up 0.2 per cent to 8297.1 points at 4pm AEST as the unemployment rate held steady at 4.1 per cent in April, but with a surprise boost. Miners continue to lead falls.
On Wall Street, the S&P 500 index ended flat and the Dow Jones indexes dipped 0.2 per cent, while the technology-focused Nasdaq rose 0.7 per cent.
Cryptocurrency giant bitcoin is just above $US103,700.
The Aussie dollar is near US64.39c following jobs data.
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Originally published as ASX 200 live: RBA rate cuts trimmed after jobs spike; TWE change of guard; IAG wins RAC WA battle
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