The COB from ausbiz

The ASX 200 rebounded today to close up 2.4% - the largest daily gain in around seven weeks. Financials had a great day while gold miners took a hit.


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The ASX 200 rebounded today to close up 2.4% - the largest daily gain in around seven weeks. Financials had a great day while gold miners took a hit. The market was helped by a strong lead-in from Wall St overnight and exuberance around borders re-opening but Scutty reckons it was the comments from Westpac Chief Economist, Bill Evans, this afternoon that really kicked things along. Bill expects the RBA to cut the cash rate, three year bond and TFF rates to 10 basis points on October 6, describing it as a "Team Australia" moment in support of the Federal Budget that night. Our top three VODs today are:

Intrastate travel will be a big investment thematic over the coming months

CEO Chat: We're putting research and development into overdrive!

Redcape's secret sauce to thriving in a pandemic


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