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ASX 200 flat as banks lose steam; miners drop; RBNZ cuts rates by 50bp

Commodity price falls, China disappointment weigh on Aussie producers. China's sharemarket dives at open. NZ's central bank cuts rate by 50 basis points, as expected. Shares in Cettire, Zip jump.

David Rogers, Valerina Changarathil and Joseph Carbone
less than 2 min read
October 9, 2024 - 4:25PM
The Australian Business Network
Local and global economic updates are driving commodity price swings, making for a rollercoaster equity ride. Picture: Gaye Gerard
Local and global economic updates are driving commodity price swings, making for a rollercoaster equity ride. Picture: Gaye Gerard

Welcome to the Trading Day blog for Wednesday, October 9. The ASX 200 index trimmed early gains, closing 0.1 per cent higher to 8187.40 points.

The Aussie dollar is trading around US67.46c.

More Coverage

Reserve Bank inches closer to cutting interest rates
David Rogers

Originally published as ASX 200 flat as banks lose steam; miners drop; RBNZ cuts rates by 50bp

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Original URL: https://www.goldcoastbulletin.com.au/business/companies/asx-200-to-rise-amid-rba-watch-rbnz-rate-call-magnificent-seven-lead-us-gains-as-oil-slips/live-coverage/06329e871cc489b3e7e248790517bbde