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ASX to rise; Costa takes avocado impairment, Wesfarmers' profit slips

Ramsay slashes dividends, Fonterra lowers milk price forecast. Pexa’s margins rise. Lotto operator Jumbo lifts sales 36pc. Costa impairs avocado valuations. Powell speech ahead. Follow updates here. ....

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ASX falls; Square, Afterpay shares leap; RBA meets

ASX falls; RBA holds rates, tapering; Afterpay jumps
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Richard Henderson
The S&P/ASX 200 eased 0.2 per cent lower on Tuesday despite a roaring day for tech stocks as Afterpay soared following a jump for shares in Square, its US suitor.
The benchmark’s decline brought the index to 7474.5 points, down from the record high achieved on Monday, as energy stocks edged 1.4 per cent lower, followed by a 0.9 decline for the materials sector.
Tech shares added 4.4 per cent and were up 11.2 per cent over the past two days, the best two-session run since March 26 last year, during the sharp rally from the COVID-19 lows as central banks and governments around the world doused financial markets and their economies with stimulus. ....

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