Afternoon trading July 30

Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew.

Half-time wrap:

Aussie shares charged back towards record levels after a decline in inflation cleared the way for an August interest rate cut.
The ASX 200 rallied 55 points or 0.63% to 8760 by mid-session. Earlier the advance lifted the index to within ten points of its all-time high of 8776.4 reached on July 18.
A tentative initial rise accelerated following mid-morning news that headline annual inflation fell to a four-year low of 2.1% last quarter from 2.4% in the March quarter. Underlying annual inflation as measured by the trimmed mean eased to 2.7% from 2.9%.
"Greenlight for RBA RATE CUT in AUGUST," tweeted IG.com market analyst Tony Sycamore.
Banks, consumer stocks and REITS led a broad rally that lifted most sectors. Tech, utilities and energy missed the upswing.
US stocks retreated overnight ahead of tonight's Federal Reserve rates decision and earnings from two of the market's largest companies, Microsoft and Meta Platforms. The S&P 500 dipped 0.3%.

Personal trading: Be glad when this quarterly reporting season is over. Has really sucked all the air out of the spec rally. Been subsistence rations lately and not even that this morning. In and out of WCE and VR1 for brokerage.
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