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ASX flat on light volume ahead of inflation data; tech stocks outperform; ANZ flags $196m Suncorp Bank charge
The sharemarket is treading water on light volumes as investors await key inflation data. ASX Limited hit by first strike against remuneration report. ANZ to book $196m Suncorp Bank charge. Temple & Webster shares regain some ground.
Welcome to the Trading Day blog for Monday, October 28. The ASX 200 index is flat as gains in tech and materials are offset by losses in energy stocks. ASX Limited has been hit by a first strike against its remuneration report at its AGM.
The ASX 200 is little changed at 8,220.4 points on light volume after a mixed session on Wall Street.
US stock index futures and US bond yields soar as crude oil and gold prices fall after Israel limited its weekend attack on Iran to military targets.
Investors are awaiting the release of key domestic inflation data on Wednesday that will help the Reserve Bank decide when to cut interest rates. US jobs data is also due out later this week.
ASX Limited has been hit by a first strike against its remuneration report.
The Australian dollar is trading around US66.10c.
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Originally published as ASX flat on light volume ahead of inflation data; tech stocks outperform; ANZ flags $196m Suncorp Bank charge
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