ASX 200 gains post budget; wages growth slows; BHP hails Anglo split; SCA rejects ARN; AACo profit down
SCA board rejects new ARN proposal. Wages growth slows. BHP insists Anglo bid ‘compelling’ after target’s split plans. Iress falls amid hack probe. AACo down as cattle prices dent profit. Mixed reaction to budget.
Welcome to the Trading Day blog for Wednesday, May 15. The ASX 200 index closed 0.4 per cent higher at 7753.70 points, led by mining gains. Global investors await US inflation data.
The Aussie dollar is near US66.45c.
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