Thanks @shovel40, @Fiji1 and morning crew. Half-time wrap: The...

Thanks @shovel40, @Fiji1 and morning crew.

Half-time wrap:

The share market climbed back towards record levels as the full-year earnings season entered its last major week and after the US Federal Reserve laid the ground for a September rate cut.

The ASX 200 rallied 38 points or 0.47% to 8061. The index last traded that high on August 2 at the start of a steep two-day sell-off as global markets succumbed to US recession fears and the fallout from a Japanese rate hike.

Real estate trusts and other rate-sensitive sectors climbed after Fed Chair Jerome Powell declared, “The time has come for policy to adjust,” clearing the way for a September rate cut. The energy sector rallied almost 1% as oil prices responded to a weekend escalation in hostilities in the Middle East.


Personal trading: Took MLG at support. Also took a first dab at FL1 at the mid of the dominant candle. Couple more tiddlers on the go, but not enough volume to warrant a mention here.