ASX hits three-month high after RBA's second rate cut; insurers nervous about NSW floods; Bruce Mathieson backs board at under-fire Mayne
Investors boost bourse after RBA's second rate cut this year. CBA powers to new record. Environment Minister Murray Watt says Woodside extension call coming by end of month. Nufarm tanks. Westpac job cuts may boost profits by $725m.
Welcome to the Trading Day blog for Wednesday, May 21. The ASX 200 has closed 0.5 per cent higher at a three-month high of 8,386.8 points, buoyed by nine of the 11 sectors following the Reserve Bank's second rate cut this year.
Cryptocurrency market leader bitcoin is higher, trading above $US106,000.
The Aussie dollar is trading around US64.49c.
Originally published as ASX hits three-month high after RBA's second rate cut; insurers nervous about NSW floods; Bruce Mathieson backs board at under-fire Mayne
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