ASX 200 ends at three-week low before US CPI data; Nippon Life's big Aussie merger; DigiCo 'overpriced'; Cement Australia buys BGC arm
ASX 200 hits three-week low before US CPI data. Resolution-MLC merger in Nippon's $US8.7bn buyout plan. Cement Australia buys BGC arm. ASIC sues Rex directors. Bets up on RBA rate cut in February. 2024's biggest float DigiCo's 'overpriced'.
Welcome to the Trading Day blog for Wednesday, December 11. The ASX 200 index ends down 0.5 per cent at 8353.6 points, its lowest daily close in three weeks.
On Wall Street, the S&P 500 index ended 0.3 per cent lower, the technology-focused Nasdaq index shed 0.2 per cent and the Dow Jones index declined 0.4 per cent.
Bitcoin's above $US96,300.
The Aussie dollar is trading around $US63.75c.
ASX 200 rises after RBA minutes; St Barbara tanks
Domestic shares closed higher after the release of minutes from the RBA’s last meeting for 2024, which received some support from the IMF overnight. SBM hit with PNG tax bill.
ASX finishes strongly, led by banks
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.