WOW we're in the green 😲

Geopolitical nerves were soothed, so it was - apparently - time to buy the dip. As such, the S&P/ASX200 added 44 points or 0.6% to close in the green. Rio Tinto reported after the close, posting record full year earnings at US$21.1B up from US$9.8B last year. Shareholders will be rewarded with an eyewatering special dividend of US$2.47 per share on top of US$1.04 per share. Domino's got burnt after disappointing results sparked a near 14% sell-off. In contrast, Healius and Wistech were standout post-report performers up 5% and 4% respectively. The much-anticipated Aussie wages report was a fizzer, while the RBNZ delivered a hawkish 25bp hike to its policy rate. It is now a whopping 1%.

Our top three VODs:

Fear is overdone - why the dip can be selectively bought

Reporting season food for thought

Smooth transitions at Scentre, as Peter Allen leaves and optimism returns

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