ASX 200 live: CBA cuts Aus economic growth forecast; Protests disrupt Woodside AGM; Trump's UK trade deal coming
Banking giant trims Australia's GDP growth forecast. Nearly 20 per cent of Woodside investors reject election of climate director. BlueScope warns of an inflation jump from President Trump's tariffs as he spruiks deal with the UK. Aussie dollar in demand.
Welcome to the Trading Day blog for Thursday, May 8. The ASX 200 index closed 0.2 per cent higher at 8191.7 points as optimism rose on the Trump administration striking a trade deal with the UK since announcing sweeping tariffs in April. Utilities and industrials led the gains.
A choppy US session ended with Wall Street's major indexes higher. The S&P 500 closed 0.4 per cent higher, the Dow Jones index gained 0.7 per cent and the tech-focused Nasdaq lifted 0.3 per cent.
Cryptocurrency giant bitcoin is above $US99,000.
The Aussie dollar is trading around US64.59c.
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Macquarie profit rises despite markets dip
Financial giant Macquarie has pulled in a full year profit of $3.72bn that met most analyst estimates, with CEO Shemara Wikramanayake's pay keeping her among Australia's top-paid bosses.
China’s stimulus packages suggests economic growth concerns: ANZ
China has cut interest rates and announced other economic boosters before its first trade talks with the US since US President Donald Trump's sweeping tariffs in April. Local shares close slightly higher, bitcoin gains and the AUD is near US65c.
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