ASX 200 rises; United Malt backs $1.5bn takeover, X64 collapses after Philippines loss
Materials help the bourse to start the new month stronger. United Malt soars on Malteries bid. Silver Lake leads gold gains. Link extends losses. Telstra in Starlink deal.
Welcome to the Trading Day blog for Monday, July 3. The Australian sharemarket gained on the first day of a new financial year following a positive lead from US equity markets as investors cheered the release of softer-than-expected inflation data. The S&P/ASX 200 index rose 0.6 per cento to 7246.10.
ASX dives to two-month low; Star tumbles as seeks funds
ASX briefly erased its year-to-date gain as tariff fears and risk aversion hit global markets. Star shares drop 15 per cent as it looks at liquidity proposals. Endeavour down as profit falls. Australia Post profit jumps.
ASX ends higher; Gupta biggest Whyalla creditor
Sanjeev Gupta's GFG Alliance owed $500m from Whyalla collapse. Business investment unexpectedly falls in December quarter. Qantas rewards investors with dividend. Jobs to go as Oceania Glass Dandenong shuts.