Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Tuesday.
Here’s a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.37% to 6,500.10
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.30% to 6,584.40
- AUD/USD at US 69 cents
- Gold at US$1,274.89 an ounce
- Brent Oil at US$72.14 a barrel
The best-performing ASX 200 share today was the Lynas Corporation Ltd (ASX: LYC) share price which rose 14.4% after releasing an investor presentation, although it went into a trading in the afternoon to explain one of its slides.
The big ASX banks had another good day as the RBA and APRA both suggested measures to help the Australian economy. The Commonwealth Bank of Australia (ASX: CBA) share price rose 2% and the Westpac Banking Corp (ASX: WBC) share price went up 2.7%.
The share price of buy now, pay later business Zip Co Ltd (ASX: Z1P) rose 5.7% after agreeing a partnership with Kmart Australia, which is owned by Wesfarmers Ltd (ASX: WES), which saw its share price fall 0.1%.
Here are some of today’s top stories:
- Apple Pay is now available to NAB customers
- Where I’d invest $10,000 into ASX shares
- How to invest in cyclical stocks
- “The die is cast” RBA flags June rate cut & signals shares could be cheap
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Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of ZIPCOLTD FPO. The Motley Fool Australia owns shares of and has recommended Wesfarmers Limited. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.