ASX 200 soars as US rebound continues; RBA boss says no rate cuts likely near term; ASX, NAB profits down; Amcor sales meet estimates; A2M, Synlait settle disputes

ASX 200 soars to two-week high after strong US gains. RBA boss says no rate cuts likely in the near term. ASX Ltd dips amid calls for chair exit. Banks rise on positive signs for  net interest margins. Dispute settlement lifts Synlait, A2M. PWR Holdings dives.

Earnings season and economic updates are keeping equity markets busy this week. Picture: Lisa Maree Williams/Getty Images

That's all from the Trading Day blog for Friday, August 16. The ASX 200 index ends up 1.3 per cent at 7971.7 points after hitting a two-week high of 7976.9. It comes after Wall Street continued to rebound after stronger than expected retail sales data.

The Aussie dollar is trading around US66.33c.

Originally published as ASX 200 soars as US rebound continues; RBA boss says no rate cuts likely near term; ASX, NAB profits down; Amcor sales meet estimates; A2M, Synlait settle disputes

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