Fast FT on Australian markets ahead of the RBA today:
- The S&P/ASX 200 was up 0.8 per cent, led by banking stocks as they recouped declines from the previous session.
- ANZ Banking Group reported a drop in profits and cut its interim dividend, but investors viewed this as more of a turning point for the stock and pushed it higher.
Fast Ft is gated, but here is the link
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interestingly, Westpac reported poor results yesterday and the share was sold down ... ANZ reports poor today and up it goes. Financial markets, eh?
