ASX 200 rises; Nine board meets; CBA hits intraday record; Hanwha, Austal dispute; first ECB rate cut since 2019
CBA hits all-time high. Nine board meets over Costello fracas. Hanwha, Austal in break fee dispute. Life360 falls after US IPO. RBA deputy governor speaks at Aus Economic Outlook lunch.
Welcome to the Trading Day blog for Friday, June 7. The ASX 200 index closed 0.5 per cent higher at 7860 points on consumer gains. ECB's first rate cut since 2019.
The Aussie dollar is near US66.75c.
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Trump 90-day ‘switch-a-roo’: ASX recovers $121bn – best day since 2020
Technology and mining stocks are leading the 4.7 per cent surge on the local bourse. US futures are down after Wall Street's historic last session as Chinese leaders meet to respond to Trump's 125 per cent hit, 90-day tariff pause for others.
Trump dump: ASX 200, Asian equities down as US tariffs roll in
$47bn wiped off ASX as markets react to Trump's latest tariffs, including a 104 per cent hit on China . AUD has hit new 5-year low below US60c.