ASX 200 retreats; AGL closes at three-month low amid profit slump as coal miners struggle
All ASX sectors end in the red. Investors dump AGL on guidance cut, $1.1bn profit loss. Dollar rallies on China rate cut talks. Fortescue eyes mass job cuts. Coal miners struggle.
Welcome to the Trading Day blog for Thursday, February 9. The Australian sharemarket fell for a third time this week as utilities led a retreat across all 11 index sectors.
The S&P/ASX 200 index retreated by 0.5 per cent to 7490.30.
Wall Street is set to open higher this evening after falls in the previous session. Futures tied to the S&P 500, Dow Jones and Nasdaq were all up by 0.3 per cent.
The dollar was buying US69.60c at the close.
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