Shares finished the week up 0.9 per cent as CSL and CBA advanced ahead of corporate earnings, which are set to pick up a gear next week.
Interest rate-sensitive banking, real estate, tech, and healthcare businesses led a sharemarket rally on Friday to help shares post their third straight day of gains and finish just 1 per cent shy of a record high of 7632.8 points in August 2021.of its half-year earnings report on February 15, with $151 billion healthcare giant CSL climbing 3 per cent to a 52-week closing high of $313.81.
Hearing aid manufacturer Cochlear jumped 2.3 per cent to finish up 9.4 per cent year-to-date. CSL climbed after broker Morgan Stanley said December-quarter sales from rival Japanese blood products business Takeda suggested a positive read through. Australian 1-year government bonds yielded 3.19 per cent ahead of the Reserve Bank’s monetary policy decision next Tuesday. Analysts and economists expect a quarter-percentage-point lift in the key overnight rate to 3.35 per cent.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CSL boss Paul Perreault reveals his biggest regretAfter nearly 25 years as CEO, Paul Perreault is stepping down. This is what he learnt from a decade running one of Australia’s biggest companies.
Read more »
CBA launches new verification measures as scam complaints surge.CommBank is launching new verification measures for money transfers and phone banking, after a predicted $2 billion surge in scams gave rise to calls late last year for banks to take more responsibility.
Read more »
CBA tightens security to protect customers from scamsThe bank will help businesses check that account names and account numbers actually match to help them avoid paying fake invoices.
Read more »
Buying CBA shares at $110? Here’s what you need to knowInvestors have flocked to CBA ahead of its half-year results, but will the bank live up to the lofty expectations implied by its record share price? Investors weigh in.
Read more »
ASX Live: Australian shares to rise, US stocks higher on hopes rate peak nearAustralian shares, in sync with New York, turned positive. Fed lifts rates 0.25pc, signals rate rises will end soon. US 10-year yield plunges. $A leaps. Follow for updates.
Read more »
Furious investors chase former Young Rich Lister over ‘missing’ sharesWealthy individuals are demanding refunds that range from $50,000 to nearly $2 million, after company searches revealed Aurum+ has only ever issued 100 shares at $1 each.
Read more »