S&P/ASX 200 flat, Sydney Airport spikes on bid, Tabcorp split

ASX 200 closed up 6 points after rising as much as 0.5% early in the day. Crown flags lockdown hit, Tabcorp unveils demerger plan. Sydney Airport takeover bid. AustSuper +20% returns.

The Reserve Bank meeting on Tuesday will be a key event of the week for the Australian sharemarket. Picture: David Swift

Welcome to the Trading Day blog for Monday, July 5. The ASX 200 gained as much as 0.5%, but pulled back from the morning session highs to close the day up just 6 points. The US stocks and bonds markets will be closed for 4th of July Independence Day.

Investors await an update from the Reserve Bank on its bond-buying program on Tuesday.

AustSuper reveals +20% returns. Sydney Airport lifted on takeover bid, Crown flags lockdown hit, Tabcorp to spin off lotteries and Keno business.

The Australian Bureau of Statistics has released retail sales and building approvals figures.

Originally published as S&P/ASX 200 flat, Sydney Airport spikes on bid, Tabcorp split

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