ASX 200 up 0.8pc; minimum wage to rise 3.75pc; APM soars on higher Madison bid; Lovisa dives on CEO succession
ASX 200 adds 0.8pc as US futures point to further US gains and RBA can breathe easier after wage decision. But Iron ore futures dive to six-week low. Lovisa taps Smiggle boss as next CEO. APM soars as Affinity emerges as mystery suitor. Booktopia CEO out in cost-cutting restructure.
That's all from the Trading Day blog for Monday, June 3. The ASX 200 index closed up 0.8 per cent at 7761 led by financials after a four-day high of 7779 points.
The Aussie dollar is near US66.40c as bond yields cooled after a benign outcome from the Fair Work Commission's annual wage review decision. March quarter GDP update is due on Wednesday. Rate cuts expected in Canada, Europe this week.
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Originally published as ASX 200 up 0.8pc; minimum wage to rise 3.75pc; APM soars on higher Madison bid; Lovisa dives on CEO succession
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