ASX 200 rose 0.4pc, led by utilities, energy
The sharemarket has finished 0.4 per cent stronger with gains across the broad ahead of the Reserve Bank's latest rate decision. Energy was the best performing sector, followed by utilities and health care.
Welcome to the Trading Day blog for Monday, May 1. The sharemarket has closed 0.4 per cent higher with gains across the broad ahead of the Reserve Bank's upcoming rate decision. Utilities was the best performing sector, followed by energy and health care.
The ASX 200 closed 0.4 per cent higher at 7,334.6 points as local investors await the Reserve Bank’s next decision on the official cash rate – now at 3.6 per cent after a pause in April – on Tuesday.
On Wall Street, the focus remains on banking health with a possible seizure and sale of struggling First Republic Bank by the Federal Deposit Insurance Corporation with JPMorgan and PNC among bidders.
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