- ASX200 closed 0.56% higher at 7067.9 on Tuesday.
- MyDeal surged 4% on launch of native mobile iOS and Android apps.
- RBA has maintained record low interest rates for the 6th straight month.
The Australian market closed 0.56% higher on Tuesday at 7067.9 boosted by strong gains amongst the gold miners and materials sector.
The tech sector posted the biggest losses for the day as Megaport shed more than 4.5%, while Altium and Afterpay finished the session more than 3% lower each.
Bitcoin is trading 3.57% lower at US$55,882.33 at 4:30pm AEST. Meantime, Ethereum continues to skyrocket, topping US$3400 for the first time this afternoon extending its rally to 360% gained year-to-date.
Australian-based online homewares retail marketplace MyDeal surged more than 4% today after launching native iOS and Android mobile apps to increase customer retention by providing more ?seamless access to its range of 6 million home and lifestyle products?.
Making headlines, the Reserve Bank of Australia has maintained record low interest rates at 0.1% for the sixth consecutive month amid signs investors are piling back into the property market and forcing first-time buyers out. The low interest rates have contributed to a surge in house prices, but the RBA are certain interest rates won?t increase until inflation is between 2-3% and unemployment is much lower.
And Twitter has taken action to compete with ClubHouse after announcing it will introduce a new feature allowing users to charge admission to their live chat audio rooms in its new ?Spaces? feature.