Evening Report: Local Shares Rise For A Second Day

The ASX 200 ended higher by 26pts or almost 0.4% on Thursday, following US stocks higher after the US Federal Reserve Chairman, Jay Powell, pointed to the prospect of a cut in official US interest rates later this month. Every ASX sector rose – gold and energy names gained after the underlying commodities did likewise in the last day. The Aussie dollar firmed, helped by a US dollar retreat.

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Lunch Report: ASX 200 Advances For A Third Day On Rate Cut Optimism

Property and bank stocks are trading higher as investors continue to take heart from the outlook for lower interest rates. Afterpay Touch (APT) shares have eased after yesterday’s surge, the fintech confirmed its Australian operations are progressing as expected, but confirmed it in conversations with regulators about maintaining compliance with anti-money laundering regulations.

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