ASX 200 ends flat: WiseTech names Richard White chair; Woolworths flags job losses; Pointsbet soars on Betr offer

January underlying inflation rise underscores RBA concerns. Richard White returns to WiseTech as executive chair with long-term plans. Woolworths flags $400m in cost savings by end-2025. Pointsbet soars on Betr's $360m-plus bid. 

Equity markets are on a seesaw as economic concerns and corporate commentary drive sentiment. Picture: Gaye Gerard

Welcome to the Trading Day blog for Wednesday, February 26. The ASX 200 index has closed 0.1 per cent lower at 8,240.7 points as miners were sold off, but energy players found support.

Wall Street closed mixed, with the S&P 500 and tech-heavy Nasdaq indexes marking a fourth consecutive session of declines, down 0.5 per cent and 1 .4 per cent, respectively. The Dow Jones index rose 0.4 per cent.

Cryptocurrency giant bitcoin is just above $US89,000.

The Aussie dollar is trading around US63.29c.

Originally published as ASX 200 ends flat: WiseTech names Richard White chair; Woolworths flags job losses; Pointsbet soars on Betr offer