ASX 200 down; Telstra gains; Insignia down; China inflation tepid; RBNZ holds rate; flat US lead after Powell remarks
Incitec's $900m buyback after Indonesian takeover fails. Insignia down after dismissing private equity interest speculation. China inflation tepid amid lacklustre demand. Reserve Bank of NZ holds cash rate, sees inflation back to target by December.
Welcome to the Trading Day blog for Wednesday, July 10. The ASX 200 index is down 0.2 per cent to 7811.50 points at 4pm AEST, recovering from a deeper dive during the morning session. Wall Street closed largely flat after US Fed chair Jerome Powell inched closer to rate cuts.
The Aussie dollar is trading around US67.47c at 5.05pm AEST after China's CPI update and the RBNZ's rate decision.
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