ASX 200 rebounds; BHP flags WA nickel closure; Telstra books $1bn profit; Wesfarmers lifts dividend; Origin profit soars
Share market rebounds in line with Wall Street's recovery. Slowing labour market "not bad enough" to justify rate cut. BHP's nickel woes, Telstra's tighter earnings weigh. Altium rockets on $9bn takeover. CBA fined
Welcome to the Trading Day blog for Thursday, February 15. The ASX 200 index tracked Wall Street's overnight recovery and closed up 0.8 per cent to 7605.70 points, with ight of 11 sectors rise with tech strongest as Altium soars 29 per cent after agreeing to a $9bn takeover by Japan's Renasas.
Here is the earnings calendar. The Aussie dollar is trading around US64.83c.
More Coverage
ASX 200 down as NAB, Santos, MinRes hit
SA govt puts Whyalla Steelworks into administration. NAB shares slumps as margin strain dents earnings. MinRes tanks on massive loss. Santos results disappoint. WA rich lister sells $8.5bn Rio stake. MinRes' big loss triggers double-digit dive. Profitable Goodman taps investors for $4bn.
RBA delivers ‘hawkish’ rate cut; ASX down
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.