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ASX 200 up; MinRes dives on Ellison 'mistakes'; Westpac's $7bn profit; AFP enter PwC Aus HQ

MinRes takeover/break-up not ruled out as billionaire boss Chris Ellison's exit plan takes shape. AFP enter PwC Australia offices as part of confidential breach probe. Westpac down on dividend miss, high costs.

It's a busy week for investors with bank results, US elections and rate calls all in focus. Picture: Gaye Gerard
It's a busy week for investors with bank results, US elections and rate calls all in focus. Picture: Gaye Gerard

Welcome to the Trading Day blog for Monday, November 4. The ASX 200 index closed 0.6 per cent higher to 8164.60 points.

Westpac's profit result kicked off a big week for equity investors that are now awaiting full year results from NAB on Thursday and scandal-hit ANZ on Friday. RBA, BoE, US Fed rate decisions this week along with US elections will also keep global equity markets in play.

The Aussie dollar was trading around US66.11c at 5pm AEDT.

Originally published as ASX 200 up; MinRes dives on Ellison 'mistakes'; Westpac's $7bn profit; AFP enter PwC Aus HQ

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Original URL: https://www.ntnews.com.au/business/companies/asx-200-to-rise-westpac-results-in-focus-us-elections-rba-us-fed-rate-decisions-this-week/live-coverage/7ac400f94b4e6b164565d71102d10fbd