Explore the latest developments concerning ASX 200 LIVE:.
Oil edges higher as Bessent vows punishment for Iran’s partners
The Australian sharemarket climbed for the second session on Tuesday as the high-flying healthcare sector continued its stellar run and investors digested another round of corporate results.
The S&P/ASX 200 Index finished up 0.7 per cent, or 61.50 points, at 9164.60, with nine of the 11 sectors stronger.
Investors also shifted into other risk assets, with bitcoin climbing to $US80,000 for the first time since May, while the market also weighed the minutes from the Reserve Bank of Australia’s August meeting, which showed several members think another interest rate rise may be required to return inflation to target.
The Australian sharemarket advanced for a second straight day after a flurry of corporate results fuelled broad-based gains, helping it shrug off a mixed finish on Wall Street.
The S&P/ASX 200 finished 61.50 points, or 0.7 per cent, higher at 9164.60, with all 11 industry sectors bar energy in the green. The local market added 0.5 per cent on Monday. The Australian dollar was trading at US71.48¢.
Reporting season continued, with Coles, Woodside Energy and Ansell among companies that released results. Investors also digested the minutes of the Reserve Bank’s latest meeting, when it kept interest rates on hold.
The central bank two weeks ago chose to keep its key rate unchanged at 4.35 per cent on signs that elevated inflation was gradually easing and the labour market beginning to loosen, giving it scope to assess incoming data for any signs that upside risks might “crystallise”.
Professional Boby Handle Shape Multifunctional Vacuum Roller Sculpting Slimming Massage Body Shaping Machine For Fat Reduction
Discover why it's trending. »
Australian shares closed up on Tuesday as investors reacted to new sanctions on Iran.The S&P/ASX 200 Index gained 0.68%, or 61.50 points, to close at 9,164.60.Overnight on Wall Street, the S&P 500 fell by 0.3%, and the Nasdaq Composite by 0.8%. Meanwhile, the Dow Jones gained 0.3%.Brent crude futures rose to trade around $92 per barrel as the US sought to increase economic pressure on Iran.On the domestic front, the ANZ-Roy Morgan Australian Consumer Confidence rose 1 point to 77.5 in the week of Aug. 24 to Aug. 30, with the series now at its highest level since the escalation of the conflict in the Middle East, ANZ Research reported.The Reserve Bank of Australia's Monetary Policy Board considered raising the cash rate by 25 basis points at its August meeting before ultimately deciding to hold, with members debating whether upside risks to inflation warranted pre-emptive action or whether existing policy settings were already sufficiently restrictive, according to minutes of the meeting.In company news, Woodside Energy Group (ASX:WDS) logged $0.873 in earnings per share for the first half, compared with $0.688 a year ago. For the six months ended June 30, operating revenue was $7.45 billion versus $6.59 billion previously.Viva Energy Group (ASX:VEA) logged AU$0.227 in underlying EPS on a replacement cost basis for the first half of the year, compared with AU$0.039 a year ago. For the six months ended June 30, revenue was AU$16.49 billion versus AU$14.96 billion previously.Lastly, ARB (ASX:ARB) logged AU$1.107 in earnings per share for fiscal 2026, compared with AU$1.177 a year ago. For the 12 months ended June 30, sales revenue was AU$702 million versus AU$729.9 million previously. Its shares closed up over 12%.
For more detailed information, explore updates concerning ASX 200 LIVE:.
For more news…
