ASX 200 live: Westpac, NAB, Bendigo, Rio, BHP, MinRes earnings this week; RBA decision on Tue; President's Day break for Wall Street
Margin pressures dent Westpac, Bendigo Bank earnings. BlueScope, A2 Milk lift on results beat. Star investors buoyed by new financing offer from Oaktree. Audinate leaps as cost controls improve earnings.
Welcome to the Trading Day blog for Monday, February 17. The ASX 200 pared back losses late, closing 0.2 per cent lower to 8531.10 points after banking falls weighed.
Cryptocurrency giant bitcoin is below $US97,000.
The Aussie dollar is around US63.72c ahead of the RBA's expected rate cut on Tuesday and amid predictions it could get to US68c by the end of the year.
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Originally published as ASX 200 live: Westpac, NAB, Bendigo, Rio, BHP, MinRes earnings this week; RBA decision on Tue; President's Day break for Wall Street
ASX to rise; Mayne backs $672m US takeover
US pharma Cosette's bid has support from major Mayne shareholders, including Bruce Mathieson. QBE dividend up on FY24 profit boost. Nine, Domain investors to react to US-based CoStar's takeover move.
New fight to save penalty rates for workers
The federal Workplace Relations Minister will oppose a bid by retailers to cut penalty rates and entitlements, saying “workers’ wages should not go backwards”.