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ASX 200 rises after flat US close; Chalmers greenlights ANZ-Suncorp Bank union; IAG gets earnings cover; Adore buying IKOU

Nine staff pass motion of no confidence against CEO after job cuts revealed. ANZ, Suncorp Bank gain on deal completion. IAG secures earnings volatility cover. Adore Beauty buying iKOU for $25m. Mirvac's $2bn Sydney tower gets backer.

David Rogers, Valerina Changarathil and Joseph Carbone
less than 2 min read
June 28, 2024 - 4:59PM
The Australian Business Network
Inflation updates and their impact on rates decisions have driven most of the equity investor sentiment this week. Picture: Gaye Gerard
Inflation updates and their impact on rates decisions have driven most of the equity investor sentiment this week. Picture: Gaye Gerard

Welcome to the Trading Day blog for Friday, June 28.  The ASX 200 index closed flat, 0.1 per cent higher to 7767.50 points. US markets closed flat ahead of key inflation data.

The Aussie dollar is trading near US66.31c at 5pm AEST.

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David Rogers

Originally published as ASX 200 rises after flat US close; Chalmers greenlights ANZ-Suncorp Bank union; IAG gets earnings cover; Adore buying IKOU

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Original URL: https://www.goldcoastbulletin.com.au/business/asx-200-to-rise-after-flat-us-close-micron-slump-weighs-on-nasdaq-nvidia-down/live-coverage/dd383eecc0b928064f6252a54bfe1b4f