ASX to edge higher; CBA hikes dividend to $1.50
Summary
- ASX fututres were up 8 points, or 0.1%, and hinting at modest gains for local shares. The index dropped 0.9% on Tuesday from 11-month highs
- The Nasdaq hit an all-time high for the fifth consecutive session on early gains in Apple, Amazon, and Alphabet. The S&P500 and Dow finished lower
- Commonwealth Bank first-half cash profit fell 10.8% to $3.9 billion, in line with expectations. The bank will pay an interim dividend of $1.50, up from 98c in the June half, but still lower than this time last year
- Iron ore has risen 2.2% to $US164.10 a tonne, while oil prices and gold also improved. The Aussie dollar climbed to 77.40 US cents overnight. Bitcoin hit a new record high $US48,214
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Good morning everyone, and welcome to a new edition of Markets Live.
Alex Druce and Lucy Battersby are steering the ship today.
Modest early gains are tipped for the ASX 200, following a mixed session on Wall Street overnight. Commodities rose, as did the Aussie dollar.
Commonwealth Bank first-half cash profits fell 10.8 per cent to $3.9 billion, in line with expectations. The bank will pay an interim dividend of $1.50, up from 98c in the June half, but still lower than this time last year.
This blog is not intended as financial advice
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