ASX 200 ends up after US House votes to lift debt ceiling; Paladin, gold miners rally
Bourse rebounds from biggest one-day fall in three months. Paladin rebounds from Namibia concerns. BHP to backpay $US280m to staff. Capex data beats estimate.
Welcome to the Trading Day blog for Thursday, June 1. The Australian sharemarket has rebounded from its one-day fall in three weeks after the US House voted to formally lift the debt ceiling ahead of Monday's deadline.
The S&P/ASX 200 index closed up 0.3 per cent to 7110.80.
Wall Street is set for a subdued opening after House voted to lift the debt ceiling with futures tied to the Dow Jones, S&P 500 and Nasdaq little changed.
The dollar was buying US65.10c at the close.
More Coverage
Bank woes hit ASX; Domain, Mayne top gainers
US takeover bids fire up Domain, Nine, Mayne. Coalition matches Whyalla support promise. RBA too slow to hike rates: Bullock. GYG down on 'soft' US sales. QBE soars. Bendigo Bank cuts rates.
ASX 200 hits 5-week low; $2.4bn for Whyalla Steelworks
Fortescue leads mining losses. Banks continue to sink. Goodman down on equity raising. Megaport top gainer as Telstra, Wesfarmers also lift. Rescue package for SA steel plant. Jobs rise more than expected.