ASX 200 rises, ending three-day losing streak; Zip, Bubs gain; Ansell, Bega fall
Ansell job cuts, automation to deliver savings amid inventory reduction. 'Commodity headwinds' weigh on Bega Cheese. Investor nod for Yellow Brick Road delisting. US boost for shares in Zip, Bubs.
Welcome to the Trading Day blog for Tuesday, October 24. The ASX 200 index ends a three-day losing streak, closing 0.2 per cent higher at 6856.90 points.
RBA boss Michele Bullock’s 7pm AEDT speech at CBA's Global Markets Conference in Sydney in focus.
The Aussie dollar is trading around US63.58c.
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RBA rate cut on track despite wages surprise; Insignia top loser
Annual wages rose more than expected due to public sector spending. CC Capital still keen on Insignia after Bain withdraws. ASIC lands another blow on Macquarie. Aristocrat sinks on earnings miss.
Market trims ‘reset’ gains after China-US trade ceasefire
Rollback of tariffs sees local investors pile back into previously under-pressure stocks like Breville and Zip. Likely pullback in rate cuts looms as defensive stocks like Coles and Woolworths decline.
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