Live: ASX 200 in sharp fall; 'enormous' demand for bank shares: CBA boss; TASK shares almost double
CBA boss sees 'enormous' demand for bank shares. Home loan hardship rises: CFR. Chalmers to reform merger laws. TASK shares almost double after bid.
Welcome to the Trading Day blog for Monday, March 11. The ASX 200 index closed down 1.8 per cent to 7704.20 points, its worst day in a year. Wall Street fell after a mixed US jobs report, ahead of Tuesday's CPI data.
The Aussie dollar is trading lower, around US66.12c.
Originally published as Live: ASX 200 in sharp fall; 'enormous' demand for bank shares: CBA boss; TASK shares almost double
Xero plans to conquer US with $4bn takeover
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Rate forecasts tumble as stars align for July cash rate cut
Australia’s cooling inflation figures have more economists predicting the Reserve Bank will deliver another interest rate cut at its July meeting, just in time to soften the sharemarket pain brought on by the Middle East war.