ASX 200 closes up 0.5% as CSR soars; Myer down on second strike; BetaShares' $33m debut

The ASX 200 finished up 0.5% at 7428 with heavyweight financials posting a solid rise, while investors poured into BetaShares' Crypto ETF.

ASX stocks gear up for pandemic rebound. Picture: NCA NewsWire/David Swift

Welcome to the Trading Day blog for Thursday, November 4. ASX closed up 0.5 per cent with CSR a star gainer while Domino's has taken a dive. Wall Street closed higher on a 'dovish taper' update from the Fed.

The ASX 200 index closed up 0.5 per cent at 7428.

The US Federal Reserve overnight announced it would start reducing bond purchases by $US15bn in November. But its outlook on inflation was more dovish than the market expected, triggering a rise in the Dow Jones of 0.3 per cent, while the S&P 500 rose 0.7 per cent and the tech-heavy Nasdaq increased l. 04 per cent.

The US Nymex crude (WTI) price lost 3.6 per cent to $US80.86 a barrel.

Iron ore rose 3.4 per cent to $US99.70 per tonne.

Originally published as ASX 200 closes up 0.5% as CSR soars; Myer down on second strike; BetaShares' $33m debut