LIVE
S&P/ASX 200 falls 5 days in a row, Cochlear drops, iron futures higher
ASX 200 closes slightly lower. Iron ore futures rising. Cochlear guidance disappoints, Sydney Airport losses deepen, Stockland shares down.
Welcome to the Trading Day blog for Friday, August 20. The ASX 200 has closed lower 5 days in a row. Iron ore futures are rising after the raw material price dropped overnight.
Global markets were dented by Fed signals it could rein in stimulus measures this year. The Dow closed down 0.2 per cent, while the S&P 500 and the Nasdaq both edged up 0.1 per cent. Oil prices slumped on weaker demand expectations.
Locally, RBA assistant governor Christopher Kent delivers a speech and earnings season includes results from TPG Telecom, Cleanaway, Stockland, Sydney Airport and Cochlear.
More Coverage
Join the conversation
Add your comment to this story
ASX falls as oil markets on edge over Iran’s next move
Broad based losses amid concerns about the fallout over the bombing of Iran's nuclear facilities by the US. But investors snap up financial and energy stocks. All eyes on key oil corridor Strait of Hormuz amid fears oil may hit $US100 a barrel.
Read more
ASX 200 hits two week low as banks retreat; Betr unrelenting in PointsBet pursuit
Rejected suitor Betr details new intended all-scrip bid with buyback carrot for PointsBet. Investors jittery amid Middle East turmoil. Voting on Bally's 'unattractive' Star rescue deal next week.
Read more
To join the conversation, please log in. Don't have an account? Register
Join the conversation, you are commenting as Logout