ASX 200 ends up; Woodside and BHP rally; Bendigo Bank hits five-month low
Sharp drop in CPI fuels rate pause hopes. Bendigo Bank hits five-month low after UBS cut. Pilbara to invest $560m to ramp up production. ASIC investigates CHESS delays.
Welcome to the Trading Day blog for Wednesday, March 29. The Australian sharemarket edged higher as monthly CPI fell more than expected, fuelling hopes that the RBA will leave rates unchanged next week.
The S&P/ASX 200 index rose 0.2 per cent to 7050.30 with materials and energy sectors the strongest.
Wall Street was expected to rise slightly this evening with futured tied to the Dow Jones, S&P 500 and the Nasdaq 100 all up.
The dollar was around US67c at the close.
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