ASX 200 edges up; possible job cuts at Optus; Saint-Gobain in CSR takeover deal
CSR agrees to takeover by French group Saint-Gobain. Optus braces for potential redundancies. EnergyAustralia's losses narrow. Superloop labels ABB offer 'opportunistic'. PwC boss stays until 2026.
Welcome to the Trading Day blog for Monday, February 26. The ASX 200 index wiped away early gains of as much as 0.5 per cent to end flat but in the green, up just 0.1 per cent to 7652.80 points.
The Aussie dollar is trading around US65.55c.
More Coverage
ASX to rise; Fed to ‘wait and see’ Trump’s policies
The local sharemarket is expected to open slightly higher after the Federal Reserve left rates on hold and chair Jerome Powell says it will ‘wait and see’ Donald Trump’s policies. But there are hopes the Reserve Bank will start cutting rates as inflation drops. MinRes reaffirms outlook.
ASX rises as CPI undershoots forecasts
Underlying inflation hits lowest number since early 2021. Rate cut expectations brought forward. Aussie shares a sea of green after US rebound. Sigma in trading halt pending shareholder meetings over Chemist Warehouse merger.