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ASX 200 live: Bain out of Insignia race; ASIC action against Macquarie; CBA profit up; Aristocrat falls

Annual wages rose due to public sector spending. The once three-way race to control Insignia is now just down to one bidder after Bain's withdrawal. ASIC lands another blow on Macquarie. Aristocrat's earnings disappoint. Woodside up on Saudi buy-in talks over US LNG.

CBA chief executive Matt Comyn's update on the bank's quarterly earnings update is on investor radars.
CBA chief executive Matt Comyn's update on the bank's quarterly earnings update is on investor radars.

Welcome to the Trading Day blog for Wednesday, May 14. The ASX 200 index is down 0.2 per cent to 8251.30 points at 11am AEST as energy and tech gains are offset by consumer discretionary and mining falls.

ASX 200 futures are up 0.2 per cent to 8310 points after the US trading ended.

Wall Street closed mixed with the S&P 500 rose 0.7 per cent, getting back into positive territory for the first time since February amid the optimism around US-China trade talks. The technology-focused Nasdaq built on earlier gains, closing 1.6 per cent higher. But the Dow was down 0.6 per cent, weighed down by corporate news.

Cryptocurrency giant bitcoin is near $US104,000.

The Aussie dollar is trading around US64.72c.

Originally published as ASX 200 live: Bain out of Insignia race; ASIC action against Macquarie; CBA profit up; Aristocrat falls

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Original URL: https://www.dailytelegraph.com.au/business/companies/asx-200-live-all-the-latest-trump-china-updates-business-results-updates-and-economic-news/live-coverage/24e2c20fd0af8d8ccd93c1f10920c54c