NewsBite

LIVE

Market hits three-month high after RBA cut; US stocks decline; James Hardie, Nufarm see share prices sink after reporting

Investors boost domestic bourse to three-month high after cash rate call. CBA's new record. James Hardie profits drop, CEO continues to spruik AZEK deal. Nufarm shares sink 24pc. Report suggests Westpac will cut 1500 jobs.

David Rogers and Joseph Carbone
How will investors respond to Tuesday's RBA rate cut? Picture: Gaye Gerard.
How will investors respond to Tuesday's RBA rate cut? Picture: Gaye Gerard.
less than 2 min read
6 hours ago.
Updated 12 minutes ago
The Australian Business Network

Welcome to the Trading Day blog for Wednesday, May 21. The ASX 200 is 0.9 per cent higher to 8421.20 points at 12pm AEST after the Reserve Bank cut rates on Tuesday.

Cryptocurrency market leader bitcoin is higher, trading above $US106,000.

The Aussie dollar is trading around US64.35c.

More Coverage

Two down, three to come? RBA on verge of inflation winTwo down, three to come? RBA on verge of inflation win
Eric Johnston

Add your comment to this story

To join the conversation, please Don't have an account? Register

Join the conversation, you are commenting as Logout

More related stories
RBA cuts rates to 3.85pc, big banks follow
Trading Day

RBA cuts rates to 3.85pc, big banks follow

'Strong case' for more cuts after Reserve Bank governor Bullock hands down 'confident cut'. Shares gain as investors pile into CBA. Rio strikes $1.39bn lithium deal. TechnologyOne rallies on profit upgrade.

Read more

Original URL: https://www.theaustralian.com.au/business/trading-day/market-to-open-higher-after-rba-cut-us-stocks-decline/live-coverage/a7344a1a6903e969acd966bf0cfacea9