ASX 200 rises; Nine board meets; CBA hits intraday record; Hanwha, Austal dispute; first ECB rate cut since 2019
CBA hits all-time high. Nine board meets over Costello fracas. Hanwha, Austal in break fee dispute. Life360 falls after US IPO. RBA deputy governor speaks at Aus Economic Outlook lunch.
Welcome to the Trading Day blog for Friday, June 7. The ASX 200 index closed 0.5 per cent higher at 7860 points on consumer gains. ECB's first rate cut since 2019.
The Aussie dollar is near US66.75c.
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Originally published as ASX 200 rises; Nine board meets; CBA hits intraday record; Hanwha, Austal dispute; first ECB rate cut since 2019
Updates
Gadens unveils national merger
Gadens has announced a national merger as it unveils plans to expand in key markets such as Queensland and NSW and become the pre-eminent full service law firm.
$100m Olympics fund on starting blocks
Some of Australia’s best fund managers will invest on the stockmarket to raise money for Aboriginal and Torres Strait Islander athletes, under a new plan set for the end of the year.