ASX 200 rises after flat US close; Chalmers greenlights ANZ-Suncorp Bank union; IAG gets earnings cover; Adore buying IKOU
Nine staff pass motion of no confidence against CEO after job cuts revealed. ANZ, Suncorp Bank gain on deal completion. IAG secures earnings volatility cover. Adore Beauty buying iKOU for $25m. Mirvac's $2bn Sydney tower gets backer.
Welcome to the Trading Day blog for Friday, June 28. The ASX 200 index closed flat, 0.1 per cent higher to 7767.50 points. US markets closed flat ahead of key inflation data.
The Aussie dollar is trading near US66.31c at 5pm AEST.
Bank woes hit ASX; Domain, Mayne top gainers
Takeover bids fire up Domain, Nine, Mayne. Coalition matches Whyalla support promise. RBA too slow to hike rates: Bullock. GYG down on 'soft' US sales. QBE soars. Bendigo Bank cuts rates.
ASX 200 hits 5-week low; $2.4bn for Whyalla Steelworks
Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.