ASX 200 in biggest fall in six weeks; RBA keeps cash rate on hold
CS Energy coal plant hit by delay. RBA says any further tightening depends on data. First strike for Bank of Queensland. Rio Tinto accelerates Rhodes Ridge. Origin gains. Evolution halts for gold raise.
Welcome to the Trading Day blog for Tuesday, December 5. The ASX 200 index closes 0.9 per cent lower at 7061.60 points, its biggest one-day fall in more than six weeks. Energy and mining stocks down sharply. US futures are weak.
The Aussie dollar is trading around US65.80c, falling after the RBA rate decision.
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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.