RBA's 25 basis point rate rise; ASX 200 down; Westpac falls
Cash rate at 12-year high of 4.35 per cent. Brookfield-EIG may launch hostile Origin bid; advisory group ISS backs offer. Westpac falls.
Welcome to the Trading Day blog for Tuesday, November 7. The ASX 200 index closes 0.3 per cent lower at 6977.10 points, weighed by banking losses. Wall Street closed flat as US bond yields rose.
The Aussie dollar is near US64.36c.
More Coverage
Join the conversation
Local stocks down for the week
A Friday rally of half a percentage point failed to retrace losses booked earlier in the week.
Read more
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.
Read more