Live: ASX 200 rises; Fortescue costs dent record quarter; Westpac tips 50bps hike next Tue

The local sharemarket closes higher. Maurice Blackburn monitors Medibank, MyDeal data breach. Credit Suisse reveals $4bn loss. Reserve Bank tipped to hike rates by 50bp. Fortescue books record iron ore shipment.

Global and local corporate earnings and outlook commentary are being parsed by investors against the backdrop of rising inflation and rates. Picture: Gaye Gerard

Welcome to the Trading Day blog for Thursday, October 27. ASX 200 is higher. Credit Suisse reports $4bn loss. Fortescue shipped more iron ore, but at a higher cost for a lower price. Westpac tips 50bps hike next Tuesday. ACL reveals Feb hacking incident. JB Hi-Fi, Super Retail sales up. 

The S&P/ASX 200 closes 0.5 per cent higher to 6852.3.

On Wall Street, the technology-focused Nasdaq Composite Index fell 2.1 per cent, the S&P 500 was off 0.7 per cent, but the Dow Jones Industrial Average gained 0.1 per cent.

US 10-year bond yields fell to 4.01 per cent and two-year yields were also lower at 4.43 per cent.

Oil prices are higher with the global benchmark Brent crude up 2.3 per cent to $US95.69 per barrel and US Nymex crude 3 per cent stronger at $US87.91 per barrel.

The gold futures price rose 0.7 per cent to $US1669.20 an ounce while iron ore futures fell 1.1 per cent to $US93.56 per tonne.

The Aussie dollar was trading higher at US64.90c at the US close.