ASX 200 falls 0.4pc amid Goodman selldown; GDP miss helps RBA rate cut pricing; Pro Medicus lifts; Goodman repriced after Chinese offload
Economy grew 0.3 per cent in the September quarter, below expectations of 0.5 per cent and mostly due to government spending. AUD weaker after GDP data. Pro Medicus up after founders' $500m selldown, broker upgrade. Goodman dives on Citi repricing. UBS wins NZ$1.3bn of Auckland Airport stake sale.
That's all from the Trading Day blog for Wednesday, December 4. The ASX 200 index ends down is down 0.4 per cent at 8462.6 points with Goodman and banks doing most of the damage. Bounce comes as weak GDP data fuels expectations of RBA rate cuts.
On Wall Street, the tech-heavy Nasdaq index hit a new record after gaining 0.4 per cent, but the S&P 500 index closed flat and the Dow Jones index 0.2 per cent lower.
Bitcoin is above $US95,800.
The Aussie dollar is trading around US64.66c.
More Coverage
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.
ASX finishes strongly, led by banks
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.