Australian shares end 0.3% higher after RBA lifts cash rate to 4.60%
The RBA board lifted the cash rate to a 15-year high of 4.60%, with shares closing up 0.3% at 8,709.30; tech jumped 4.6% and miners rose 1.1%.
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The RBA board lifted the cash rate to a 15-year high of 4.60%, with shares closing up 0.3% at 8,709.30; tech jumped 4.6% and miners rose 1.1%.
The ASX 200 rose 30 points, or 0.3%, to 8,709 on Tuesday, extending prior gains amid strength in consumer durables, tech, and manufacturing. Sentiment was supported by the Reserve Bank of Australia’s assurance that monetary policy remains well placed to respond to economic developments, with the board reaffirming its f
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.
Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.
Oracle climbed in premarket trading after reporting better-than-expected first-quarter financial results and raising its FY27 adjusted EPS guidance.
ASX 200 slipped 0.1% to close at 8,911, extending prior weakness to a six-week low. CSL fell 2.0% after cutting FY26 guidance; big four banks shed 0.4—2.2%.
The ASX 200 rose 54 points, or 0.6%, to close at 9,092 on Friday, halting a two-day losing streak. Strength in commercial services, tech, healthcare and energy minerals supported sentiment.
Asian cash markets end mixed as Nikkei 225 rises 0.5% and Hang Seng falls 1.97%, while Shanghai Composite slips 0.4%, KOSPI gains 0.68%, and ASX 200 edges up 1.17%.
Australia’s ASX 200 rose 30 points, or 0.3%, to close at 9,084, ending a six-day losing streak as gains in consumer durables, non-energy minerals and healthcare offset domestic labor and inflation concerns.
Asian cash markets end mixed, with Nikkei 225 down 2.54% and KOSPI down 1.55% while Hang Seng and Shanghai Composite rise 1.53% and 1.61%, respectively.
Asian cash markets finish mixed, with the Nikkei 225 up 1.16%, Hang Seng down 1.1%, Shanghai Composite down 0.18%, KOSPI up 3.56%, and ASX 200 down 0.67%.
***General Trend and Developments*** -The Japanese Yen remains slightly offered amid quarter-end and Gotobi. Sato ’s comments are now keenly awaited, especially ahead of the next BOJ decision [Jul 31st]. However, Japan 2-year bond traders seem unfazed given the stronger demand at auction -The PBOC continued to use its
The S&P/ASX 200 Index increases by 0.3% to 8,842.20 in early trade