Musk moves markets 👨💻
Episode description
It was a bottom left-top right kind of day, within a whisker of a fresh record high by lunchtime. Mineral Resources share price leapt as it plans to increase lithium production at two of its mines, calling demand for lithium "unprecedented." But generally, it was a tech-led rally, not because rates aren’t rising but because Elon Musk snapped up 9.2% of Twitter. The RBA today dropped “patient” when it comes rate hikes saying it's waiting for a "couple months" of data, sending the Australian dollar higher and the stock market lower. Outside of resources it was an upbeat day - pity the RBA deflated the tyre - the S&P/ASX200 ended the day up 14 points at 7528.
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