ASX 200 down after August inflation data; KMD swings to loss; Premier Investments results; China stocks gain on Wall St
August CPI cools to 2.7pc - lowest level since 2021 - on government subsidies. Analysts warn RBA 'risks prolonged subpar growth' with its tight policy. Chinese stimulus triggers switch to miners. Premier, Sigma and KMD fall on earnings updates.
Welcome to the Trading Day blog for Wednesday, September 25. The ASX 200 index closed 0.2 per cent lower to 8126.40 points after the release of August CPI data - with bank falls weighing as miners gain. Wall Street closed higher after China's housing stimulus.
The Aussie dollar is at close to US68.77c at 5pm AEST after the release of CPI data.
ASX 200 rises after RBA minutes; St Barbara tanks
Domestic shares closed higher after the release of minutes from the RBA’s last meeting for 2024, which received some support from the IMF overnight. SBM hit with PNG tax bill.
ASX finishes strongly, led by banks
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.