ASX rallies on steady RBA while CSL soars
Investors had their best day on the Australian share market in almost two weeks after stock in biotech giant CSL rose by almost five per cent.
Investors had their best day on the Australian share market in almost two weeks after stock in biotech giant CSL rose by almost five per cent.
A broad-based rally has been under way on the ASX as CSL and energy providers bounced back from substantial losses in recent days.
Afterpay and rivals Zip and Sezzle fell heavily on the Australian share market due to a possible US probe into consumer harms from their services.
Traders are waiting to see if Europe's top central banks, the ECB and Bank of England, match the US Federal Reserve's upbeat message and cut stimulus.
Investors are waiting to see what the Federal Reserve will do to dampen inflation.
Woolworths and Afterpay shares had sizeable falls as investors questioned their short-term outlook and kept the Australian market steady.
A big slide in Woolworths shares and the selling of Afterpay stock led the ASX indices slightly lower in early trade.