RBA keeps rate cuts in the frame; Insignia accepts lower CC Capital offer; Perpetual, Fletcher asset sales
CBA leads bank losses, offset by gains in miners and CSL. RBA lowers chance of 'severe' hit to economy. Insignia's relief rally as CC Capital's lower-than-expected $4.80 per share offer lands.
That's all from the Trading Day blog for Tuesday, July 22. The ASX 200 closed up 0.1 per cent at 8677.2 points with falls in banks offset by gains in mining and health care.
Wall Street's S&P 500 index rose just 0.1 per cent, but made it past 6300 points for the first time. But the Dow Jones index slipped about 19 points, or less than 0.1 per cent, while the technology-focused Nasdaq index lifted 0.4 per cent ahead of Tesla and Alphabet quarterly updates later this week.
Cryptocurrency giant bitcoin is below $US117,500 - after hitting a high above $US123,000 last week.
The Aussie dollar is trading around US65.25c.
More Coverage
Originally published as RBA keeps rate cuts in the frame; Insignia accepts lower CC Capital offer; Perpetual, Fletcher asset sales