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ASX 200 live: ASX jumps as investors await RBA rate cut; CBA, TechOne hit record highs
Sharemarket extends gains on widely expected RBA rate cut. Investors pile into CBA. Rio Tinto strikes $1.39bn lithium deal. TechnologyOne rallies on guidance upgrade. Monash IVF hit after profit warning.
Welcome to the Trading Day blog for Tuesday, May 20. The ASX 200 is up 0.6 per cent to 8343.7 points at 12.15am AEST as most economists anticipate the RBA's second rate cut this year.
The RBA is expected to cut interest rates by a further 25 basis points at 230pm AEST.
On Wall Street, the Dow Jones Industrial Average rose 0.3 per cent. The S&P 500 and the technology-focused Nasdaq finished fractionally higher.
Cryptocurrency giant bitcoin is trading above $US106,000.
The Australian dollar is near US64.42c.
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