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ASX 200 hits record as banks waver; DroneShield dives; Monadelphous, Star dive; Bravura soars; US Fed plots Sep rate cut

Tech, property sectors lead gains. CBA fades from record intraday high. Albemarle's Kemerton expansion halt weighs on Monadelphous. Star dives as licence suitability laid bare. ACCC ex-chair knows why Rex failed. US futures soar on Meta. Apple, Amazon results due.

David Rogers and Valerina Changarathil
less than 2 min read
August 1, 2024 - 5:10PM
The Australian Business Network
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Federal Reserve chairman Jerome Powell held short-term interest rates where they are with broad expectations that the rate with drop in September. Picture: Andrew Harnik/AFP
Federal Reserve chairman Jerome Powell held short-term interest rates where they are with broad expectations that the rate with drop in September. Picture: Andrew Harnik/AFP

That's all from the Trading Day blog for Thursday, August 1. The ASX 200 rose 0.3 per cent to record high close 8114.7 points with most sectors up after Wall Street's rally as US Fed chair Jerome Powell plots a September rate cut.

The Aussie dollar is trading near US65.28c.

More Coverage

Central banks were ‘foolish’ to lift rates so high: Stiglitz
David Rogers
Read related topics:ASXCommonwealth Bank Of Australia

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Original URL: https://www.theaustralian.com.au/business/trading-day/asx-200-to-rise-us-fed-plots-september-rate-cut-meta-results-beat-estimates-boeing-finds-next-ceo/live-coverage/10b3d0435b549b85a6a71c69bd5d8652