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ASX 200 hits record high amid strong earnings and rate cut expectations
The ASX 200 reached a new record high of 8575.2, buoyed by strong earnings and expectations of interest rate cuts from the RBA. Temple & Webster's shares soared 13.73% after reporting a 23.6% revenue increase, while Treasury Wine Estates saw a 5.07% drop due to cautious guidance. The financial and materials sectors led the gains, with the latter benefiting from rising iron ore prices.
ASX 200 stabilizes as tariff delays provide temporary relief to investors
The ASX 200 rose 16 points (0.19%) to 8395, stabilizing after the US postponed tariffs on Mexico and Canada. Investors are keenly awaiting a US-China trade deal, which could further boost the index. Key sectors like banking and mining saw gains, while consumer discretionary stocks faced a pullback.
ASX 200 Declines Ahead of FOMC Meeting Amid Santa Claus Rally Speculation
The ASX 200 is trading 4 points lower at 8310 as caution prevails ahead of the Federal Open Market Committee meeting. Speculation about the Santa Claus rally is growing, with mixed performances across sectors; property and healthcare stocks gained, while big banks generally declined. The energy sector hit a three-year low before seeing some buying interest, and technical analysis suggests a potential rebound if the index remains above 8236.7.
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