ASX ends up; BHP defends voice donation; Chris Ellison's latest lithium target
Speculation mining billionaire is buying Azure shares. IMF backs more RBA rate hikes. BHP bullish on potash. Cotton On profit sinks. Amcor affirms FY guidance. Vicinity Centres cautious on outlook.
Welcome to the Trading Day blog for Wednesday, November 1. The ASX 200 index closes 0.9 per cent higher at 6838.30 points, with property stocks leading the gains. It followed a second day of gains on Wall Street as investors expect the Federal Reserve to hold interest rates steady.
The Aussie dollar is trading near US63.31c.
ASX 200 rises after RBA minutes; St Barbara tanks
Domestic shares closed higher after the release of minutes from the RBA’s last meeting for 2024, which received some support from the IMF overnight. SBM hit with PNG tax bill.
ASX finishes strongly, led by banks
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.