Live: ASX 200 flat; Incitec top gainer as Pilbara tanks; RBA won't rule out 50bp hike

AGL chair defies resignation call after pay strike, Cannon-Brookes' board victory. Allkem, Pilbara shares dive. Incitec soars on demerger delay, $400m buyback. CBA shares rise on $2.5bn quarterly profit. 

A busy day for equity investors with a number of economic and corporate updates. Picture: Gaye Gerard

Welcome to the Trading Day blog for Tuesday, November 15. ASX 200 ends flat. AGL chair defies resignation call after pay strike, Cannon-Brookes' board victory. Allkem, Pilbara shares dive. Incitec soars on demerger delay, $400m buyback. CBA shares rise on $2.5bn quarterly profit. 

The ASX 200 ends flat at 7141.6 points.

On Wall Street, the S&P 500 fell 0.9 per cent, the technology-focused Nasdaq Composite Index lost 1.1 per cent and the Dow Jones Industrial Average ended 0.6 per cent lower.

The losses followed a warning by US Fed governor Christopher Waller that markets should brace for more rate increases with “a ways to go yet” on inflation, however, vice-chair Lael Brainard said it will probably “be appropriate soon to move to a slower pace of increases”.

Also, FTX’s collapse is continuing to impact other trading platforms, including Hong Kong’s Huobi Global.

The yields on 10-year US government bonds rose to 3.87 per cent while two-year bond yields increased to 4.41 per cent.

Oil prices fell with the global benchmark Brent crude down 3 per cent to $US93.14 per barrel and US Nymex off 3.5 per cent to $US85.87 per barrel.

The gold futures price rose 0.4 per cent to $US1776.90 per ounce and iron ore futures gained 1.4 per cent to $US92.09 per tonne.