ASX 200 up to a 3-day high as banks rise; Magellan plunges
BHP, Rio, Fortescue rise on talks with China iron buyer. Magellan plunges on funds under management drop. RBA says most households able to service their mortgages. Two more RBA hikes: Deutsche Bank.
Welcome to the Trading Day blog for Friday, October 6. The ASX 200 index closed 0.4 per cent higher at 6954.20 points on support from the banks and miners. Wall Street dipped ahead of key US jobs data.
The Aussie dollar is trading around US63.66c.
More Coverage
ASX 200 falls on China update; BHP leads mining reversal
Iron ore, copper futures, AUD down after China's underwhelming economic update. RBA's 'step down' in hawkishness evident in September minutes, but deputy governor Andrew Hauser says inflation job's not done yet.
ASX 200 rises on banks; Arcadium top gainer
Rio Tinto's takeover approach lifts Arcadium Lithium appeal. West African Resources drops on Burkina Faso mining concerns. Qantas may avoid second strike after proxy backing.