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ASX 200 erases losses to end flat; energy stocks fall; Lendlease and Fletcher drop; PwC restructure

Fletcher drops 11 per cent on profit warning. Household spending growth slows: CBA. PwC restructures. Business conditions ease: NAB. Lendlease down as fights tax bill, sets investor day. ASIC probes ANZ bonds sale. 

The ASX will be lower on Monday open ahead of the federal budget. Picture: NCA NewsWire / Jeremy Piper
The ASX will be lower on Monday open ahead of the federal budget. Picture: NCA NewsWire / Jeremy Piper

Welcome to the Trading Day blog for Friday, May 13. The ASX 200 erased its losses to close a fraction in the green, up just one point at 7750 points. ANZ, Macquarie traded ex-dividend. 

The Aussie dollar is trading near US65.95c.

Originally published as ASX 200 erases losses to end flat; energy stocks fall; Lendlease and Fletcher drop; PwC restructure

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Original URL: https://www.themercury.com.au/business/live-asx-to-open-weaker-ahead-of-budget-wpi-data-due-this-week/live-coverage/ffe2ffd2e74adf7171d41ceeefa49896