ASX 200 ends near record high; CPI below consensus; Web Travel soars; Novonix tanks; Harvey Norman sales up; Lynas delivers dividend hope
RBA to stay on sidelines until May amid underlying CPI pressures. Gerry Harvey slams 'big black hole' of govt debt. Web Travel soars on buyback, outlook optimism. Novonix dives after discounted raise. AEMO taps emergency powers to keep NSW lights on.
Welcome to the Trading Day blog for Wednesday, November 27. The ASX 200 index ends up is up 0.6 per cent at 8406.7 points, near record highs amid broad-based gains. Financials did did much of the heavy lifting with CBA up 2 per cent and QBE up 2.2 per cent.
On Wall Street, the S&P 500 and the Dow Jones indexes notched fresh records, rising by 0.6 per cent and 0.3 per cent, respectively. The technology-focused Nasdaq Composite gained 0.6 per cent.
Bitcoin is sitting just below $US93,000 - moving further away from its much-anticipated $US100k milestone.
The Aussie dollar is trading near US64.74c.
More Coverage
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.