ASX 200 lifts; Qantas, Ramsay, Rio, BHP, Fortescue gain; Metcash dips
'Not what I expected,' ousted Fortescue exec on mining role. China data stronger than expected. ACCC concerns on Qantas-China Eastern deal signal other partnership 'risks'.
Welcome to the Trading Day blog for Friday, September 15. The ASX 200 index closes 1.3 per cent stronger at 7279.0 points, following US gains and better-than-expected Chinese economic data.
The Aussie dollar is near US64.64c, after China's August economic updates beat estimates.
More Coverage
ASX 200 down as NAB, Santos, MinRes hit
SA govt puts Whyalla Steelworks into administration. NAB shares slumps as margin strain dents earnings. MinRes tanks on massive loss. Santos results disappoint. WA rich lister sells $8.5bn Rio stake. MinRes' big loss triggers double-digit dive. Profitable Goodman taps investors for $4bn.
RBA delivers ‘hawkish’ rate cut; ASX down
Reserve Bank cuts rates 25 basis points, takes official cash rate to 4.1 per cent. First cut in more than four years. NAB, Westpac, CBA and ANZ lower home loan rates. Qatar-Virgin deal gets ACCC nod. Gold to outshine $US3000: UBS, Goldman.