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ASX 200 up 0.4% at two-week high daily close. Harvey Norman profit surges, REX to report
The ASX has closed up 0.4 per cent at a two-week high daily close, led by tech and industrial stocks. AGL Energy cuts top executives ahead of demerger.
Welcome to the Trading Day blog for Tuesday, August 31. Australian stocks finish 0.4 per cent higher at a two-week high daily close, driven by tech and industrial stocks. AGL Energy cuts four top executives ahead of demerger. Harvey Norman's profit surges 75 per cent.
The S&P 500 rose 0.4 per cent and the Nasdaq advanced 0.9 per cent - both setting new records - while the Dow edged down 0.2 per cent. European stocks were also higher as markets responded positively to Fed chair Jerome Powell’s signals on stimulus. Oil prices rose further. Locally, profit season winds up, with Harvey Norman and Regis, among others, expected to report results.
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Originally published as ASX 200 up 0.4% at two-week high daily close. Harvey Norman profit surges, REX to report
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