ASX 200 rises; Woolworths sale weighs on Endeavour; BHP hits out over energy intervention
Tech sector leads rally; Genesis tie-up drives St Barbara; energy bosses confront PM; higher Magellan directors fees pass and Endeavour drops on Woolworths sale.
Welcome to the Trading Day blog for Wednesday, December 14. The Australian sharemarket extended gains with all sectors in the green as a decline in bond yields lift tech and real estate stocks.
The S&P/ASX 200 index advanced by 48 points, or 0.7 per cent, to 7251.30.
On Wall Street, the S&P 500 closed 0.7 per cent higher, the Nasdaq rose 1 per cent and the Dow Jones was 0.3 per cent stronger. US 10-year and two-year yields fell after fresh data showed inflation eased last month, tempering investor anxiety over higher rates next year.
The dollar was near US68.44c at the close.
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