ASX 200: Star reveals cash woes; Rio's Arcadium takeover gets US nod; Black Friday sales boost retail spending
November retail sales undershoot expectations despite Black Friday boost. Casino group Star's investors react to latest cash crisis. Rex board aware of 'bewilderingly bad' sales: ASIC. Arcadium lifts on US nod to Rio buyout.
That's all from the Trading Day blog for Thursday, January 9. The ASX 200 index closed down 0.2 per cent at 8329.2 but well above an intraday low of 8291.4 as major banks and iron ore miners bounced. Lovisa, Star Entertainment hit.
On Wall Street, the major indexes closed mixed after a choppy session before a day's break to mark the death of former US president Jimmy Carter. The Dow Jones index gained 0.2 per cent and the S&P 500 0.1 per cent, but the Nasdaq closed 0.1 per cent lower.
US 10-year bond yields settled near 4.68 per cent after advancing to 4.73 per cent earlier in the session. Treasury yields, which rise when bond prices fall, have climbed sharply since early December, driven by strong economic data and bets that President-elect Donald Trump will pursue a populist agenda that could put upward pressure on inflation.
Bitcoin's sharp fluctuations continue with the cryptocurrency market leader now sitting just above $US94,000.
The Aussie dollar is trading around US62.06 after the release of retail sales data.
Originally published as ASX 200: Star reveals cash woes; Rio's Arcadium takeover gets US nod; Black Friday sales boost retail spending
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