
Closing Bell 7th May: RBA leaves rates on hold, stocks continue to rally
RBA leaves rates on hold, stocks continue to rally. AGL jumps on results. ANZ announces stock buyback
RBA leaves rates on hold, stocks continue to rally. AGL jumps on results. ANZ announces stock buyback
Real Estate and Technology help push XJO Higher. Westpac and Big 4 also higher
Promedicus rises to new highs. Block up on earnings. Macquarie drops on results
Woolworths shares down on missed forecasts. NAB higher after results. XJO higher and hovers around 7600 level
Energy shares down as oil drops. XJO falls under 7600 level
Worley falls as largest share holder sells stake. ASX edges higher
Boss Energy rises as production ramps up. ASX continues rebound
Higher CPI pushes back rate cut forecasts. The Australian Bureau of Statistics reported that the consumer price index increased by 1% in the quarter ending March, exceeding the market expectation of 0.8%. Year-over-year inflation slowed to 3.6% from 4.1%, still surpassing forecasts.
Copper prices inch towards the $10,000 mark as global demand surges and supply disruptions persist, signaling a robust recovery in the industrial metals sector.
The S&P/ASX 200 Index rose by 0.9%, driven by reduced geopolitical tensions and positive economic signals from China, showcasing a rebound in investor confidence.
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