ASX 200 flat after July CPI beats estimates; Woolworths, Tabcorp profits hit by impairments; Fortescue dividends up; Nine cuts exec bonuses

RBA hike not ruled out as inflation remains sticky at 3.5 per cent. Controlling shareholder Rio to back ERA's $880m discounted raise. Special dividend boosts Woolworths. Tabcorp's worse than expected loss, CEO-elect Gill McLachlan's 'reality' check weighs. 

Major supermarket, mining and lottery earnings and commentary are on investor radars.

Welcome to the Trading Day blog for Wednesday, August 28. The ASX 200 index trimmed losses late, closing flat, marginally higher to 8071.40 points. US indexes eked out gains ahead of Nvidia's earnings update.

The Aussie dollar is trading around US67.94c at 5.15pm AEST after the release of July inflation data.

Originally published as ASX 200 flat after July CPI beats estimates; Woolworths, Tabcorp profits hit by impairments; Fortescue dividends up; Nine cuts exec bonuses

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