Local shares near record high. ANZ Bank targeted by regulator. Telix jumps. Oil rises, iron ore slips again. Wall St hits records as tech climbs again. US June CPI ahead. Follow here.
Australian shares rose 1.1 per cent at the open to top 7900 points and approach the record intraday high of 7910.5 points from April 2 in a broad rally, which followed Wall Street racing to all-time records on more gains from the tech mega-caps. Locally, the interest rate sensitive technology and real estate sectors gained 1.6 per cent and 1.7 per cent respectively in early trade.
“One of China’s biggest mills, Angang Steel, reported a preliminary loss of 2.68b yuan in H1 2024. Property developer China Vanke is also expected to report a first-half loss this week.” US June CPI data, set for release at 10.30pm Thursday AEST, could solidify expectations for a rate cut in September. Stocks in focus Uranium miners rose across the board as the price for the nuclear fuel advanced. Boss Energy jumped 6.1 per cent and Paladin added 6.1 per cent.
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