ASX 200 jumps 1.3pc; Newcrest soars on Newmont bid, Imugene dives
Newcrest jumps on higher Newmont bid. Treasury Wine rallies as China mulls sanction removals. Latitude receives ransom demand. Consumer sentiment jumps on rate hold.
Welcome to the Trading Day blog for Tuesday, April 11. The Australian sharemarket records its biggest one-day gain in three months on the back of strong gains by miners and banks.
The ASX 200 rose 1.3 per cent to 7309.90, with all sectors bar tech in the green. It was the bourse's second biggest jump on 2023.
The dollar was buying around US66.80c at the close.
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ASX 200 down as NAB, Santos, MinRes hit
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RBA delivers ‘hawkish’ rate cut; ASX down
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.