ASX200 beats closing and intraday records!

The ASX200 reached a new intraday high of $7,744.60 today, as well as a record closing price of $7,739.40. Beating yesterdays record close.

In the Australian market, Aussie blue chip-stocks have reported some good earnings, beating financial expectations - with investors increasing their buys.

Another influence is the US market, with the AI stock boom also helping NASDAQ close out with its own record closing high.

US inflation is also looking at coming back down, even though it is still running above the Federal Reserve's trage range. Investors are now placing their bets that the world's most influential central bank could start cutting interest rates as early as June.