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August 26, 2024

closing bell

Closing Bell 26th August: Uranium stocks bounce as Kazatomprom cuts production. XJO nears record highs

Australian shares are on track to close higher in the first session of the week, buoyed by comments from US Federal Reserve Chairman indicating that long-awaited interest rate cuts are imminent. The S&P/ASX 200 has gained 54 points, or 0.7%, reaching 8078 points, now just 100 points shy of the record high set earlier this month.

Jonathan Tacadena August 26, 2024

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