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Resources, banks drive ASX 200 gains

Resources, banks drive ASX 200 gains

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.

At Work
SYDNEY, AUSTRALIA : Newswire Photos- JULY 16 2024: A general stock photo of people crossing York Street at Wynyard Station alongside the bus stops in the Sydney CBD near Wynyard Station. Picture: Newswire /Gaye Gerard

WFH is and has been a free pass

Covid ended more than two years ago and the assumption that workers en masse could choose home over the workplace is laughable, writes Patrick Carlyon.

Companies
NEW YORK, NEW YORK - AUGUST 02: Stock market numbers are displayed on a screen at the New York Stock Exchange during afternoon trading on August 02, 2024 in New York City. Stocks closed low after the July jobs report showed a slow down in the labor market, with the Dow Jones closing with a loss of over 600 points after being nearly down 1000 points and Nasdaq closing at a loss of over 400 points.   Michael M. Santiago/Getty Images/AFP (Photo by Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

Sea of red as ASX 200 dives 3.7 per cent on US recession fears

Bloodbath across the board as the local sharemarket plunges with the ASX 200  down 3.7 per cent to a two-month low of 7649.6 in its worst day since May 2020. Global investors dump shares after US falls. Tokyo plunges 14  per cent in its worst day since the 1987 crash. Woodside buying OCI Clean Ammonia for $US2.35bn.

Original URL: https://www.heraldsun.com.au/business/companies/page/5