ASX 200 flat; Northern Star to buy De Grey; SingPost, Pacific Equity Partners lock in Aus deal; hardware hit to Metcash profit
Flurry of new partners at Barrenjoey. Northern Star down on $5bn buyout bid. Singapore Post locks in $1bn sale to Pacific Equity Partners. Metcash climbs as investors look past underlying profit drop. Retail sales, building approvals rise.
Welcome to the Trading Day blog for Monday, December 2. The ASX 200 index closed 0.1 per cent higher to a record close of 8447.90 points.
On Wall Street on Friday, the S&P 500 and the Dow Jones index notched records with their 0.6 per cent and 0.4 per cent gains, respectively, to cap their best month of 2024. The technology-focused Nasdaq Composite index lifted 0.8 per cent.
The Aussie dollar is around US65.01c at 4.45pm AEDT.
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.