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Live: ASX 200 falls 1.2pc before US rate call; Qantas rules out app cyber breach; Amcor up on results beat

Rabobank sees two RBA rate hikes in 2024. Qantas rules out app cyber breach. Amcor up on results beat. Endeavour falls after Woolworths selldown. Inquiry head criticises Star's slow reform.

David Rogers, Joseph Carbone and Megan Neil
Investors continue to await the US Fed’s latest rates call — heavily tipped to hold at current levels.
Investors continue to await the US Fed’s latest rates call — heavily tipped to hold at current levels.
less than 2 min read
6:40AMMay 01, 2024.
Updated 5:10PMMay 01, 2024
The Australian Business Network

Welcome to the Trading Day blog for Wednesday, May 1. The ASX 200 closed 1.2 per cent lower at 7569.90 points, following a sharp fall on Wall Street ahead of the Federal Reserve rate decision.

The Aussie dollar is trading around US64.77c.

More Coverage

Rate cut hopes fade but talk of hikes is ‘excessive’Rate cut hopes fade but talk of hikes is ‘excessive’
David Rogers

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-expected-to-dip-amazon-beats-earnings-after-wall-st-close/live-coverage/856ab39e5186e420c600f78f442fc565