ASX 200 up; Rio Tinto, Arcadium confirm takeover talks; RBA-focused week coming up

Rio Tinto's takeover approach lifts Arcadium Lithium appeal. West African Resources drops on Burkina Faso mining concerns. Qantas may avoid second strike after proxy backing.

Rates and economic commentary at home and in the US along with the impact of the ongoing Middle East conflict on oil prices will be on investor radars this week. Picture: Gaye Gerard

Welcome to the Trading Day blog for Monday, October 7. The ASX 200 index closed 0.7 per cent higher to 8205.40 points on a quieter trading day given the public holiday in NSW, SA, Qld and ACT.

The Aussie dollar is around US68.04c.

Originally published as ASX 200 up; Rio Tinto, Arcadium confirm takeover talks; RBA-focused week coming up