ASX 200 ends up 0.3pc; Qantas hits record high; Myer buys Premier's apparel brands; BlueScope warns on profit
The local sharemarket rose slightly, led by property and tech stocks. Qantas and Premier Investments hit records. Myer spikes up after $864m apparel brands deal with Premier as Solomon Lew scores a board seat.
The sharemarket ended up 0.3 per cent at 8,249.2 points. Eight of 11 sectors rose. Gains were led by the consumer discretionary, tech, materials and financials sectors. Premier Investments hit a record high of $36.38 after agreeing to sell its apparel brands to Myer, but faded to close up 9.9 per cent at $33.94.
The ASX tracked US gains as geopolitical risks ease and the market looks ahead to results from tech giants this week, starting with Alphabet's results on Wednesday.
Investors also await domestic inflation data on Wednesday that will help the Reserve Bank decide when to cut interest rates.
US GDP, PCE inflation, non-farm payrolls and ISM Manufacturing data are due later this week.
A few companies including CSL, Vicinity and Ansell held their annual shareholder meetings on Tuesday.
The Australian dollar was trading around US65.66c.
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