ASX 200 up as GDP misses estimate; Medibank sued by OAIC; Xero dives on convertible note offering, block trade
March quarter GDP slower than expected. Incoming Crown chair will also head Balmoral Group. Xero dives on convertible note offering, block trade. Medibank falls as Australian Information Commissioner sues.
Welcome to the Trading Day blog for Wednesday, June 5. The ASX 200 index rose 0.4 per cent to 7769 points as mining and energy falls offset gains by the property and consumer staples sectors.
The Aussie dollar was trading near US66.53c after GDP rose 0.1 per cent in the March quarter.
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