Aust stocks soar 2.6% at close as RBA holds fire

The Australian stock market accelerated gains to 2.6% as it broke the 4800 threshold at the close, after the Reserve Bank of Australia held the cash rate at a record low for the second straight month.

The Australian stock market accelerated gains to 2.6% as it broke the 4800 threshold at the close, after the Reserve Bank of Australia held the cash rate at a record low for the second straight month.

The central bank's move added to optimism from a rebound on Wall Street overnight, which saw the Dow Jones start July on a positive note after a promising duo of local economic reports.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles