ASX climbs 0.7 per cent at the closing bell. Antipodes’ Ross picks Airbus. IFM’s Bannan picks Corporate Travel. Ellerston’s Kourtis picks Perpetual. Sohn conference kicks off in Adelaide. Follow updates here.
Shares decline; retail sales miss forecasts; Mineral Resources sells permits to Rinehart for $1.1b; JB Hi-Fi sales grow; Barrenjoey downgrades AGL. Follow here for more.
Investors Mutual’s Daniel Moore says there aren’t too many ASX-listed companies like blood plasma giant CSL that can compound their earnings at such a rate.
Shares jumped the most since 2022 amid a broad rally; traders bet on Reserve Bank rate cuts; Commonwealth Bank tops BHP to become biggest Australian firm; Rio Tinto half-year profit at $5.8 billion. Follow updates here.
Shares and bonds have rallied, but economists are warning investors against reading too much into what the data could mean for Australia’s own central bank.