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S&P/ASX 200 rally cools amid regional falls
Slightly higher close, as heat comes out of ASX 200 rally. IT, Consumer Staples held gains. AMP Capital's GEFI business sold to Macquarie. Helen Coonan faced Crown inquiry.
Welcome to the Trading Day blog for Thursday, July 8. The benchmark index closed slightly higher, but the heat came out of the ASX 200 rally, Energy and Utilities sectors weighed on the market. Oil prices fell. AMP Capital's GEFI business sold to Macquarie. Helen Coonan faced Crown inquiry.
Wall Street rose as Fed minutes were released. European stocks rose.
In a virtual speech on The Labour Market and Monetary Policy for the Economic Society of Australia, Reserve Bank governor Philip Lowe said the central bank was “seeking to provide as much guidance about future bond purchases as we reasonably can in an uncertain world, while retaining the flexibility to respond in a timely way to changes in the state of the economy and the outlook”.
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Originally published as S&P/ASX 200 rally cools amid regional falls
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