Live: ASX 200 ends flat; annual inflation steady; APM rises as CVC ups bid; Kelsian, Neuren tumble
Country Road Group sales, profit fall. Earnings miss hits Flight Centre, Kelsian. Neuren slumps despite meeting Daybue sales guidance. Annual inflation steady. RBNZ holds rates. APM soars on higher CVC bid.
Welcome to the Trading Day blog for Wednesday, February 28. The ASX 200 index closed flat, down just 2.6 points at 7660.40 points.
The Aussie dollar is trading lower around US65.18c.
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.