The ASX 200 responded to record high levels on Wall Street overnight, rallying by 0.89% to close at 7,389 points.

All eleven sectors were up, led by the miners which gained around 1.5% ahead of the US Fed statement due today (US time).

Lithium stocks in particular caught a bid, with major players like Orocobre (ASX:ORE) and Plibara Minerals(ASX:PLS) gaining 6.5% and 4.5% respectively.

In a major boost to the crypto market, the Commonwealth Bank (ASX:CBA) announced that it will become the country’s first bank to offer customers the ability to buy, sell and hold crypto assets, directly through the CommBank app.

CBA has partnered with one of the world’s largest regulated crypto exchanges and custodians, Gemini, and leading blockchain analysis firm, Chainalysis.

The pilot will start in the coming weeks and CBA intends to progressively rollout more features to more customers in 2022, with access of up ten selected crypto assets including Bitcoin, Ethereum, Bitcoin Cash and Litecoin.

Meanwhile, iron ore miners were mainly up despite the spot iron ore price slipping 6.6% overnight and back below US$100 to US$96.45/t.


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Lithium developer Lake Resources (ASX:LKE) is up 10%, after announcing a new appointment to its management team in Argentina, Gautam Parimoo, as Chief Operating Officer.

“Gautam offers a measured and collaborative approach to project development with vast experience in South America, especially in dealing with local communities and local engagement,” said Lake’s CEO Steve Promnitz.

AMP (ASX:AMP) is up 9%, after finally divesting away its residual 19% stake in Resolution Life (RLA) for $524m.

The sale of the RLA stake will complete AMP’s exit from its former life insurance and mature business, AMP Life, which it sold to Resolution Life in 2020 for $3 billion including the equity interest in RLA.


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Tyro Payments (ASX:TYR) plummeted 13% following its AGM this morning, where it announced the resignation of board member, Hamish Corlett.  Tyro also declined to provide an outlook for FY22 at its AGM.