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ASX 200 LIVE: Reserve Bank board weighed interest rate rise: Bullock

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Shares advance over 1 per cent, $A falls; Reserve Bank revises inflation forecast; ANZ records 7 per cent cash profit decline in first half results. Follow updates here.

The Australian sharemarket rallied 1.4 per cent on Tuesday after the Reserve Bank left the cash rate unchanged as widely predicted by traders. The benchmark S&P/ASX 200 Index rose 1.4 per cent, or by 110.9 points, to 7793.3 at the closing bell, with all 11 sectors recording gains. The Australian dollar slipped to US66.10¢, from US66.25¢. The All Ordinaries jumped 1.4 per cent. The RBA left the interest rate on hold at a 12-year high of 4.35 per cent.

43 and TechnologyOne added 1.9 per cent to $16.20. In commodities, energy stocks tracked a higher oil price amid tensions in the Middle East, with Israel rejecting a cease-fire proposal for the Gaza strip. Global benchmark Brent pared an earlier advance but was still pushing toward $US84 a barrel. Woodside Energy increased 1.9 per cent to $27.84 and Ampol rose 1.2 per cent to $36. BHP, which accounts for around 10 per cent of the ASX, rallied 1.6 per cent to $43.42.

 

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ASX 200 LIVE: Reserve Bank board weighed interest rate rise: BullockShares advance over 1 per cent, $A falls; Reserve Bank revises inflation forecast; ANZ records 7 per cent cash profit decline in first half results. Follow updates here.
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ASX 200 LIVE: Reserve Bank board weighed interest rate rise: BullockShares advance over 1 per cent, $A falls; Reserve Bank revises inflation forecast; ANZ records 7 per cent cash profit decline in first half results. Follow updates here.
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ASX 200 LIVE: Reserve Bank board weighed interest rate rise: BullockShares advance over 1 per cent, $A falls; Reserve Bank revises inflation forecast; ANZ records 7 per cent cash profit decline in first half results. Follow updates here.
Source: FinancialReview - 🏆 2. / 90 Read more »

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