Shares got a boost from June quarter inflation data over a day that saw Sezzle lead the buy now, pay later juniors in a stunning rebound.
Floundering buy now, pay later player Sezzle rocketed 95.8 per cent on Wednesday to finish the day in a trading halt as the market operator ASX sought an explanation for the extraordinary price action.
“We now expect the RBA to hike to 3.1 per cent by end-22,” said Carlos Cacho the chief economist at Jarden. The Australian dollar traded flat to buy US69.4¢ at the close. Leading cryptocurrency bitcoin added 0.3 per cent to $US21,209.Shares in troubled Western Australian construction group Decmil firmed 22.7 per cent, despite it issuing its third profit warning in a year.Westpac announced plans to reduce its exposure to fossil fuels by almost a quarter.pledging to reduce its scope 1, 2 and 3 absolute financed emissions in oil and gas by 23 per cent by 2030, compared with 2021.
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