ASX 200 flat as banks lose steam; miners drop; RBNZ cuts rates by 50bp
Rio buys lithium player for $US6.7bn. Commodity price falls, China disappointment weigh on Aussie producers. NZ's central bank cuts rate by 50 basis points, as expected. Shares in Cettire, Zip jump.
Welcome to the Trading Day blog for Wednesday, October 9. The ASX 200 index trimmed early gains, closing 0.1 per cent higher to 8187.40 points.
The Aussie dollar is trading around US67.45c at 5pm AEST.
More Coverage
ASX 200 rises after RBA minutes; St Barbara tanks
Domestic shares closed higher after the release of minutes from the RBA’s last meeting for 2024, which received some support from the IMF overnight. SBM hit with PNG tax bill.
ASX finishes strongly, led by banks
The sharemarket closed 1.7 per cent higher, with gains across the board, led by the heavyweight financial sector. News Corp found strong support after its mega $3.4bn Foxtel deal.