ASX 200 trims losses but ends at three-week low close; GrainCorp, Fletcher, GUD sink; AMP, IDP, Downer jump
Big banks and miners weigh on bourse. CBA shares fall on 'vanilla' result, lack of guidance. AMP up despite profit fall, chair exit. Seven ups guidance on Boral boost. Fletcher CEO and chair to leave.
Welcome to the Trading Day blog for Wednesday, February 14. The ASX 200 index trimmed half its losses to end 0.7 per cent weaker at 7547.70 points. Falls by CBA, the big banks, BHP and Fortescue weighed on the bourse.
Wall Street tanked on hotter than expected inflation data, which may have pushed rate cut timelines to the second half of this year.
A busy day of results for local investors - see the reporting calendar here. The Aussie dollar is near US64.63c.
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