ASX 200 live: RBA's July rate cut in sight after May CPI; CBA hits record; Xero's $4bn Melio buy; Star rescue vote passes

RBA will need to cut 'at least another couple of times'. PointsBet shareholders approve Mixi offer. CBA hits $192. Star investors back $300m rescue deal. Xero taps institutions for $4bn-plus US buy. 

Star's investors have voted yes to a $300m funds injection from US white knight Bally's Corp and existing shareholder Bruce Mathieson.Picture: Damian Shaw

Welcome to the Trading Day blog for Wednesday, June 25. The ASX 200 index rose 3.7 points to 8,559.2 on Wednesday, as strong financial sector gains were offset by the mining and energy falls.

On Wall Street, the S&P 500 rose 1.1 per cent, the Dow Jones index lifted 1.2 per cent and the technology-focused Nasdaq closed 1.4 per cent higher.

Cryptocurrency giant bitcoin is around $US106,200.

The Aussie dollar is trading around US64.96c.

Originally published as ASX 200 live: RBA's July rate cut in sight after May CPI; CBA hits record; Xero's $4bn Melio buy; Star rescue vote passes