ASX 200 extends gains; RBA keeps rates at 4.1pc, Vocus bids $6.3bn for TPG assets
Bourse extends gains after RBA opts to leave rates on hold for a second month. Decision sends dollar diving. TPG rockets on $6.3bn Vocus bid. China steel production has peaked: Rio Tinto.
Welcome to the Trading Day blog for Tuesday, August 1. The ASX 200 index is up 0.7 per cent to 7461.80 at 2.35pm AEST after the RBA left rates at 4.1 per cent.
Add your comment to this story
ASX hits two-month high as investors eye May rate cut
Local stocks rise for a fifth day in a row amid expectations the Reserve Bank will deliver another 25 basis points rate cut in May, as inflation hit its target range for the first time since 2021. Technology and property stocks lead gains.
ASX 200 soars to two-month high; Boss Energy, MinRes surge
Billionaire Chris Ellison-led mining giant a top gainer. ASX 200 rebound 'looks vulnerable': UBS. Endeavour taps former Virgin fix-it CEO. Tripp's Betr lobs 'funded' bid for PointsBet.
To join the conversation, please log in. Don't have an account? Register
Join the conversation, you are commenting as Logout