ASX 200 falls, enters technical correction; retail data adds to rate hike case
ASX 200 now down 10.4 per cent from February peak. Retail sales beat estimates. Qantas to fight ACCC 'ghost flight' case. Bell Rock sells 35 million Whitehaven shares. Tietto jumps. Star Entertainment, IGO drop.
Welcome to the Trading Day blog for Monday, October 30. The ASX 200 index closed 0.8 per cent lower at 6772.90 points, a new 12-month low.
The Aussie dollar is near US63.52c.
Add your comment to this story
RBA rate cut on track despite wages surprise; Insignia top loser
Annual wages rose more than expected due to public sector spending. CC Capital still keen on Insignia after Bain withdraws. ASIC lands another blow on Macquarie. Aristocrat sinks on earnings miss.
Market trims ‘reset’ gains after China-US trade ceasefire
Rollback of tariffs sees local investors pile back into previously under-pressure stocks like Breville and Zip. Likely pullback in rate cuts looms as defensive stocks like Coles and Woolworths decline.
To join the conversation, please log in. Don't have an account? Register
Join the conversation, you are commenting as Logout