CHART: The Australian Market Got A Huge Boost From The RBA's Cash Rate Decision Today

The ASX200 jumped 2.63% today on positive US manufacturing data and the RBA’s decision to leave the cash rate at a record low 2.75% this afternoon.

The index jumped about 1.7% early this morning on the overnight news, almost making up for yesterday’s 1.92% fall.

It was trading at about 4777 just before the RBA announcement at 2.30pm, and climbed steadily following the announcement to close at a high of 4834.

Via, here’s what happened:

Today’s 2.63% rally was the biggest intraday gain for the ASX200 since December 2011.

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