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ASX 200 down on BHP, Rio shedding; Sigma soars after ACCC offer; retail sales jump; Powell signals more rate cuts

Sigma rockets on ACCC compromise to get $8.8bn merger with Chemist Warehouse across the line. Treasury Wine caves in to proxy demand on CEO bonus. Warmest August since 1910 sees retail sales lift 0.7 per cent. 

Economic commentary, overseas updates are keeping equity investors busy. Picture: Gaye Gerard
Economic commentary, overseas updates are keeping equity investors busy. Picture: Gaye Gerard

Welcome to the Trading Day blog for Tuesday, October 1. The ASX 200 index closed 0.7 per cent lower to 8208.90 points on weak miners and banks.

The Aussie dollar is near US69.28c at 5pm AEST.

Originally published as ASX 200 down on BHP, Rio shedding; Sigma soars after ACCC offer; retail sales jump; Powell signals more rate cuts

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Original URL: https://www.themercury.com.au/business/companies/asx-200-down-on-mining-falls-sigma-soars-after-accc-offer-retail-sales-ahead-powell-signals-more-rate-cuts/live-coverage/4f7150dadc93515c7dfdc7de67a39221