ASX 200 gains; RBA ready to hike again; Fortescue gets first strike
RBA 'resolute' on CPI returning to target. Backlash against payouts to former Fortescue execs. Pro Medicus founders' $176m selldown. AGL avoids second strike as Cannon-Brookes demands climate action.
Welcome to the Trading Day blog for Tuesday, November 21. The ASX 200 index closes 0.3 per cent higher at 7078.20 points on strong mining sector gains, as iron ore prices jump. Wall St closed higher led by Microsoft.
The Aussie dollar is near US65.83c.
More Coverage
ASX 200 rises 0.5pc to record close; Origin down
A strong day for Aussie shares as the ASX 200 rises 0.5 per cent to a record high close at 8532.3. Origin cuts APLNG guidance. Citi upgrades BlueScope. Rinehart lifts Lynas stake. Broker upgrade for Zip. Lendlease selling Capella. US probing if DeepSeek used Nvidia chips. Trump advisors hunt for deals as Canada, Mexico tariffs loom.
ASX soars to record high on tech, rate cut hopes
The sharemarket has jumped to a record high of 8515.7 points, amid positive leads from Wall Street after big tech reports and Reserve Bank rate cut hopes. DeepSeek will not derail Microsoft’s $US80bn AI investment this year. Zip and MinRes drop.