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ASX 200 lifts after Powell's US boost; Bendigo Bank profit beats estimates, Kogan dividends back; Perpetual's big impairment; Kelsian tanks on capex guidance

Ciarán Carruthers to leave Crown. Downgrades loom for Bendigo Bank, NIB. Perpetual's impairment weighs. Kogan soars. Aussie Broadband jumps on first dividend. Kelsian tanks on capex guidance. Aviation reforms to improve competition.

Earnings commentary and economic updates will underpin investor sentiment this week. Picture: Angela Weiss/AFP
Earnings commentary and economic updates will underpin investor sentiment this week. Picture: Angela Weiss/AFP

Welcome to the Trading Day blog for Monday, August 26. The ASX 200 index closed 0.8 per cent higher to 8084.50 points. Wall Street rose on Friday after US Fed Reserve chair Jerome Powell said the 'time has come' for rate cuts.

The Aussie dollar is trading around US67.71c at 5.15pm AEST, ahead of July inflation and retail sales data due later this week.

Originally published as ASX 200 lifts after Powell's US boost; Bendigo Bank profit beats estimates, Kogan dividends back; Perpetual's big impairment; Kelsian tanks on capex guidance

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Original URL: https://www.dailytelegraph.com.au/business/markets/asx-200-to-rise-after-powells-us-boost-bendigo-bank-kogan-results-july-cpi-retail-sales-data-this-week/live-coverage/ecb3cf73b5837ea5479f718883b993fd