ASX 200 steady; Allkem soars on $US10bn merger, Orica swings to profit
Allkem surges on $US10bn merger. Goodman and GrainCorp upgrade guidance. NT approves Core Lithium project. Westpac card activity shows significant weakening.
Welcome to the Trading Day blog for Thursday, May 11. The Australian sharemarket narrowly recorded its third consecutive fall as materials weigh.
The S&P/ASX 200 index fell 3.80 points to 7251.90.
Wall Street is set for a mixed start this evening with futures tied to the S&P 500 and Nasdaq up 0.2 per cent, while the Dow was flat.
The dollar was around US67.65c at the close.
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