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ASX 200 live: RBA rate cuts trimmed after jobs spike; TWE change of guard; IAG wins RAC WA battle
The ASX is poised for a seventh consecutive day of gains following April's 89,000 jobs bounce and expectations the Reserve Bank will cut interest rates on Tuesday. Also, find out why one rare earth minnow's share price has rocketed 150 per cent. And CBA's valuation conundrum continues as it tracks second-best close.
Welcome to the Trading Day blog for Thursday, May 15. The ASX 200 index is up 0.3 per cent to 8300.70 points at 2.15pm AEST as the unemployment rate held steady at 4.1 per cent in April, but with a surprise boost. Miners continue to lead falls.
On Wall Street, the S&P 500 index ended flat and the Dow Jones indexes dipped 0.2 per cent, while the technology-focused Nasdaq rose 0.7 per cent.
Cryptocurrency giant bitcoin is just above $US103,700.
The Aussie dollar is near US64.39c following jobs data.
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