The Australian share market hit an all-time high off the back of predictions on Wall Street that lower interest rate settings look likely in the coming months

MARKET WRAP:

• ASX200: up 1.2% to 8,770
• GOLD: $3,365/oz
• BITCOIN: $177,338

 

• All sectors were positive, with Discretionary and Financial Stocks 
• Wesfarmers finished up 2.8% and Harvey Norman, up 2.1%
• Big Four banks were all higher by more than 1%.
• Credit Corp pushed more than 16% higher or a 16% rise in full-year profit.
• Telix Pharmaceuticals was one of the few losers, losing 8.5% to $18.53 after flagging higher operating expenses.
• TPG Telecom said it would return as much as $3 billion back to shareholders following the $5.25 billion sale of its fibre network, but shares finished the day 0.4% lower.
• While also sliding was South 32, Bluescope Steel, and Endeavour Group.

CURRENCY UPDATE:

• AUD/USD: 64.6 US cents
• AUD/GBP: 48.7 British pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 95 Yen
• AUD/NZD: 1.09 NZ dollars

See omnystudio.com/listener for privacy information.