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Live: ASX 200 in sharp fall; 'enormous' demand for bank shares: CBA boss; TASK shares almost double

CBA boss sees 'enormous' demand for bank shares. Home loan hardship rises: CFR. Chalmers to reform merger laws. TASK shares almost double after bid. 

David Rogers, Megan Neil and Joseph Carbone
less than 2 min read
5:51AMMarch 11, 2024.
Updated 5:11PMMarch 11, 2024
The Australian Business Network
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Global markets will be focused on US inflation data this week. Picture: David Swift/NCA NewsWire
Global markets will be focused on US inflation data this week. Picture: David Swift/NCA NewsWire

Welcome to the Trading Day blog for Monday, March 11. The ASX 200 index closed down 1.8 per cent to 7704.20 points, its worst day in a year. Wall Street fell after a mixed US jobs report, ahead of Tuesday's CPI data.

The Aussie dollar is trading lower, around US66.12c.

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-200-set-to-retreat-from-highs-us-cpi-in-focus-this-week/live-coverage/0c1f809cb21a53083faccb7aafd163a8