ASX 200 lifts; MinRes soars on meeting guidance; Outage hits Inpex-operated Ichthys LNG plant; US GDP beats estimates

Investors welcome MinRes cash gains, price wins. Bellevue Gold downgraded on discounted equity raise. Inflation uptick may force RBA hike. Key exit triggers Cochlear executive rehaul.

Global and local quarterly updates have made for a rollercoaster week for investors. Picture: Gaye Gerard

Welcome to the Trading Day blog for Friday, July 26. The ASX 200 index closed 0.8 per cent higher to 7921.30 points. It came after a mixed US session where Tesla was the only Magnificent Seven stock to end in the green. 

The Aussie dollar is trading around US65.54c at 5pm AEST.