ASX 200 live: US court blocks Trump tariffs; EBOS confirms stake sale; Champion earnings down; Nvidia soars
The White House has appealed the US Court of International Trade's rejection of US President Donald Trump's 'unbounded authority' in imposing his Liberation Day tariffs. Australia is reviewing the decision.
Welcome to the Trading Day blog for Thursday, May 29. The ASX 200 index closed 0.2 per cent higher to 8409.80 points.
Wall Street's S&P 500, Dow Jones and the technology-focused Nasdaq indexes all closed 0.5 per cent lower after minutes from the Federal Reserve's last rate meeting showed officials concerned large tariff hikes would push up prices and could risk stoking higher inflation.
Cryptocurrency giant bitcoin was below $US108,000 at 5pm AEST.
The Aussie dollar was trading around US64.32c.
Originally published as ASX 200 live: US court blocks Trump tariffs; EBOS confirms stake sale; Champion earnings down; Nvidia soars
Virgin offers staff a slice of IPO pie
The private equity-owned airline’s preparations for a return to the ASX have stepped up a gear with each employee to be offered $3000 worth of share rights.
‘Just stop’: Surprise act hurting homebuyers
Australian first-home buyers would be better off without one thing, as it is simply driving up the price of the housing market, an economist warns.