CSL Limited reported a revenue of $8.48 billion, up 5% YoY, with a net profit of $2 billion, reflecting a 6% increase. SGH Limited achieved a revenue of $5.5 billion and a statutory profit growth of 134%, while Breville Group's profit rose 16.1% YoY to $97.5 million. Seven West Media's revenue fell 6% YoY, but shares surged 9% on better-than-expected results.
ASX 200 Declines Amid Rate Cut Speculation Following Strong Jobs Report
The ASX 200 fell 19 points (-0.23%) to 8333, marking its lowest level in three weeks as markets reassessed the likelihood of an RBA interest rate cut in February following a strong November jobs report, which showed unemployment at 3.9%. The property and consumer discretionary sectors experienced notable declines, while the energy sector rebounded after crude oil prices rose above $70. Technical analysis indicates the index may close below a critical support level, potentially leading to further declines.
ASX 200 reaches new high fueled by US economic data and Fed comments
The ASX 200 reached a new milestone, surpassing 8500 points for the first time, driven by positive US economic data and dovish comments from Federal Reserve Chair Waller. Key sectors saw gains, with healthcare stocks like Ramsay Health Care rising 3.15% and technology stocks boosted by a record high in the Nasdaq 100. The market's upward momentum is supported by strong retail sales and improved manufacturing data from China.
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