S&P/ASX 200 rose 1.1% to a record high close of 7386.4 with BHP up 3.1% and CBA up 1.5%

Australia's sharemarket rose 1.1% to a record high close, with BHP leading the way, finishing up 3.1%.

Strong earnings results in the US are bolstering sentiment on other markets. Picture: Jeremy Piper

Welcome to the Trading Day blog for Thursday, July 22. ASX is up 1%, having dipped slightly after the NSW Covid cases were announced. BHP in Tesla tie up, Qantas warns of stand-downs.

Wall Street extended its rebound, buoyed by strong earnings reports. By the close, the Dow and S&P 500 were both up 0.8 per cent, while the Nasdaq added 0.7 per cent. European markets rallied and oil prices shot higher. 

Originally published as S&P/ASX 200 rose 1.1% to a record high close of 7386.4 with BHP up 3.1% and CBA up 1.5%

Live Updates