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.

Read More