ASX 200 lifts after Powell's US boost; Bendigo Bank profit beats estimates, Kogan dividends back; Perpetual's big impairment; Kelsian tanks on capex guidance
Ciarán Carruthers to leave Crown. Downgrades loom for Bendigo Bank, NIB. Perpetual's impairment weighs. Kogan soars. Aussie Broadband jumps on first dividend. Kelsian tanks on capex guidance. Aviation reforms to improve competition.
Welcome to the Trading Day blog for Monday, August 26. The ASX 200 index closed 0.8 per cent higher to 8084.50 points. Wall Street rose on Friday after US Fed Reserve chair Jerome Powell said the 'time has come' for rate cuts.
The Aussie dollar is trading around US67.71c at 5.15pm AEST, ahead of July inflation and retail sales data due later this week.
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Originally published as ASX 200 lifts after Powell's US boost; Bendigo Bank profit beats estimates, Kogan dividends back; Perpetual's big impairment; Kelsian tanks on capex guidance
Updates
ASX closes down after record day
The ASX closed down on Wednesday as investors took advantage to take a profit following a record day of trading on Tuesday.
ASX 200 down 0.6pc after record high but CBA hits another record
Australia's stock market retreats from a record high, but CBA does it again with another record high close, Analysts unpack Amcor's Berry buy. Freight issue risks Nick Scali profit. EV volatility hits PWR Holdings profit margins.
ASX 200 closes in on record high
The ASX 200 is trading up 2.6 per cent for November during the traditionally strong trading period leading into the ‘Santa Claus’ rally in December.
RBA refuses to rule out more rate hikes
The Reserve Bank of Australia is steadfast in its fight against inflation, even if it means mortgage holders will pay even more in the coming months.
ASX 200 at all-time high; CBA hits record
ASX 200 soars to record high on large scale buying before a late selloff. RBA 'vigilant' on inflation risks. Goyder to chair Perron Group. TechOne hits record after profit jump on a strong day for tech stocks. CBA, Xero, WiseTech also hit records. Elders dives after capital raise. Santos buoyant on higher returns promise
Experts make major rate call
Aussies are doing what the Reserve Bank of Australia is asking and cutting back on spending, but they might need to wait nine months for a reduction on their mortgage.