The ASX has finished higher, led by resources gains and following in Wall Street's footsteps overnight.
Westpac is now forecasting the cash rate will remain on hold at the Reserve Bank's meeting next week, while Coles' quarterly sales revenue hit $9.7 billion in the three months to March.
Meanwhile, the US economy grew 1.11 per cent in the past quarter, leaving open the possibility of a recession hitting the country later this year.
