Small rise by ASX as RBA lifts cash rate

Aug 2, 2022 | Daily Market Report Australia

2.8.22 Following a widely expected increase in the cash rate, the Australian sharemarket clawed back a 0.69% loss and secured its sixth straight gain, with the ASX 200 up 5.1pts or 0.07%, to 6998.1. This is the longest winning streak since late March, says Divak Nigam at CommSec. “Financial stocks (up 0.77%) did much of […]

 


 

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