Local shares near record high. ANZ Bank targeted by regulator. ACCC eyes Good Guys. Telix jumps. Oil rises, iron ore slips again. US June CPI ahead. Follow here.
Australian shares rose 1 per cent at lunchtime near 7900 points to approach the record intraday high of 7910.5 points from April 2 in a broad rally. The action followed Wall Street racing to all-time records on more gains from the tech mega-caps. The market’s largest bank Commonwealth Bank added 1.3 per cent to a record high of $130.17, with every sector higher. Regional lender Bendigo Bank also hit its highest level in more than a decade.
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 ANZ probes ‘$54b’ in inflated bond trades: The bank overstated the value of government bonds it traded by over $50 billion in a year, boosting its chances of winning lucrative mandates to issue Commonwealth debts.
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