ASX 200 closes 0.4pc higher; CBA delays rate cut timing; retail trade fell 0.4pc; Coles sales rise; ASIC sues Magnis
The sharemarket extended its gains, closing up 0.4 per cent. Origin, NSW in talks to extend Eraring by four years. CBA pushes back rate cut call. Weak retail data hits Aussie dollar. ASIC sues Magnis and chair. Worley falls.
Welcome to the Trading Day blog for Tuesday, April 30. The ASX 200 extended its gains, finishing up 0.4 per cent as interest rate jitters receded after weak retail sales data. Investors sought out consumer discretionary and property stocks.
The Aussie dollar is trading around US65.22, slipping after the retail sales data.
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