ASX 200 lifts; Santos jumps on possible takeover interest from Aramco, Adnoc; Lendlease, Stockland deal hits ACCC hurdle
Middle East takeover talks may lure other Santos bidders. $1bn Lendlease, Stockland deal hits ACCC hurdle. Magellan June flows mixed, funds under management slip. Seven's retention bonus for Boral CEO.
Welcome to the Trading Day blog for Thursday, July 4. The ASX 200 index closed 1.2 per cent higher to 7831.80 points on mining, energy and property gains. US markets closed mixed in a short session that saw Nasdaq and S&P 500 hit fresh highs.
The Aussie dollar was trading near US67.18c at 5.05pm AEST.
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Originally published as ASX 200 lifts; Santos jumps on possible takeover interest from Aramco, Adnoc; Lendlease, Stockland deal hits ACCC hurdle
Updates
Aussie shares flat with all eyes on Israel
The sharemarket inched higher on Thursday as investors braced for Israel’s response to Iranian missile and terror attacks and the release of crucial US jobs data.
Big call on rate hikes amid inflation fight
A leading financial authority has backed the RBA’s approach to interest rates, but warned further increases would be warranted in the fight against inflation.