ASX 200 closes flat; SiteMinder soars on debut; travel stocks gain

Australia's share market was flat in quiet trading despite Friday's gains on Wall Street. Stocks closed down 4.7 points with the energy sector and travel stocks posting gains. 

Rollercoaster ride ahead for ASX investors. Picture: NCA NewsWire / Jeremy Piper.

Welcome to the Trading Day blog for Monday, November 8. The ASX 200 closed flat, losing 4.7 points on a quiet day of trading despite Friday's gains on Wall Street. The API-Wesfarmers takeover deal is close, strong debut for SiteMinder and Aristocrat's Playtech deal faces a hurdle.

ASX 200 closed down 4.7 points at 6452.2.

The US job market staged a strong comeback in October, adding 531,000 jobs in the month, pushing the unemployment rate down to 4.6 per cent. The Dow Jones ended 0.6 per cent higher, the S&P 500 climbed 0.4 per cent and the Nasdaq up 0.2 per cent.

Nymex crude (WTI) rose 3.1 per cent to $US81.27 a barrel.

Iron ore slumped 7 per cent to $US92.75 a tonne.