ASX rises 1.2pc to second best close on record; News Corp, banks, Wesfarmers, property soar
Local market gains strongly, led by News Corp, banks, Wesfarmers and property stocks. REA shares rebound after boss sets end date, posts strong half-year results. Beach Energy logs earnings jump, but shares slump. Wesfarmers rises as UBS says the Bunnings outlook is positive.
That's all from the Trading Day blog for Thursday, February 6. The ASX 200 closed up 1.2 per cent at 8520.7 points, its second best close on record, as global markets rebound after the threat of a global trade war eased.
Cryptocurrency market leader bitcoin is above $US97,000.
The Aussie dollar is trading around US62.65c.
ASX ends up 0.5pc; Brookfield enters Insignia battle; former Star CEO cops ban
ASX 200 gains 0.5 per cent, led by resources, tech, property, industrials and communications. Macquarie weighs on financial sector. Google owner Alphabet's earnings disappoint. Brookfield lobs new offer to takeover target Insignia. Amcor lifts on reaffirmed guidance, estimates win. Former Star CFO cops ban.
Aussie dollar, stocks, crypto smashed as trade war starts
Aussie shares retreat heavily along with the Aussie dollar and cryptos as Trump orders tariffs. A$ hits five-year low. Tariffs biggest trade shock since 1930s: RBC. Cettire "assessing" US tariff changes. Anna Bligh to vacate ABA's top job.