At the closing bell, the benchmark S&P/ASX200 index fell 0.1 per cent, or nine points, to reach 7887.9, after touching an all time high of 7910.5.The Australian dollar was flat, trading at US64.91c against the greenback.
EightCap market analyst Zoran Kresovic said while another 25 basis point hike appeared to now be “completely off the table”, markets still remained “jittery” about the timing of interest rate cuts. Elsewhere in commodities, gold miners finished higher as spot prices for the precious metal traded above $US2270 an ounce.
Treasury wine estates added 2.7 per cent to $12.79, while Australian Vintage rose five per cent to 42c. Mesoblast vaulted a further 71.2 per cent to 95c, as investors piled into the stock after it received approval from the US Food and Drug Administration to resubmit its application for a novel treatment for pediatric patients with steroid-refractory acute graft versus host disease.On Tuesday, the firm pared back its FY24 earnings forecast to between $307m and $317m, compared with $320.5m in FY23.
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Source: FinancialReview - 🏆 2. / 90 Read more »
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