ASX 200 shoots up on soft CPI data; Rio soars; Origin FY24 LNG revenues down; Rex in administration; Microsoft drops after results
RBA unlikely to hike rates next week with core inflation heading south. CBA shares reach intraday record of $137.34. Rio Tinto lifts on first-half profit jump. Telix, Origin among losers. Asian buyer circles Rex.
Welcome to the Trading Day blog for Wednesday, July 31. The ASX 200 index closed 1.8 per cent to 8092.30 points with all sectors green. US markets closed mixed and Microsoft dropped after hours on its results.
The Aussie dollar was trading near US65c at 4.55pm AEST, after the release of June quarter inflation data by the Australian Bureau of Statistics.
ASX 200 ends marginally higher; double-digit falls for Helia, James Hardie
Building products giant James Hardie's likely paying too much for US buy. Potential loss of CBA contract hits Helia. Regal dives as pharma group Opthea enters suspension amid survival talks.
ASX 200 fades from two-week high; ACCC report boosts Coles, Woolies
TWE on watch as US winemakers now push for tariffs on Australia. Rio joins race for billionaire Mark Creasy's WA project. Woolworths, Coles mark best day in years after ACCC's damp squib supermarkets report.