ASX 200 live: RBA may cut rate in July after weak GDP; CBA hits record; Musk's Trump bill outrage
CBA hits high of $181.39. Slow economic growth undershoots forecasts. Mixi lifts PointsBet bid amid due diligence by rival suitor Betr. Star accused of breach of money laundering laws.
Welcome to the Trading Day blog for Wednesday, June 4. The ASX 200 index is 0.8 per cent higher to 8530.30 points at 3.30pm AEST, with most sectors in the green.
Wall Street's major indexes closed higher, with the S&P 500 0.6 per cent higher, the Dow Jones index up 0.5 per cent and the technology-focused Nasdaq lifting 0.8 per cent to turn positive for the year for the first time since February.
Cryptocurrency giant bitcoin was above $US105,000 at 5pm AEST.
The Aussie dollar was trading around US64.60c.
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Originally published as ASX 200 live: RBA may cut rate in July after weak GDP; CBA hits record; Musk's Trump bill outrage
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