ASX 200 live: WiseTech buying e2open; Elders earnings; Origin narrows guidance
Investors back WiseTech's $3bn e2open deal. No taxpayer bailout for Healthscope: Butler. Deep Yellow, Paladin, Boss top gainers on US president's nuclear focus. AUD at six-month high as US dollar falls. Miss on earnings weighs on Elders.
That's all from the Trading Day blog for Monday, May 26. The ASX 200 index closed flat at 8361 points with tech gains offset by utilities falls. The heavyweight banks are slightly lower.
On Friday, US President Donald Trump's 50 per cent tariffs on 27 EU nations kept Wall Street investors on the edge. The S&P 500 and Dow Jones indexes closed more than 0.6 per cent lower and the technology-focused Nasdaq shed 1 per cent.
US futures turned higher on Sunday (Monday AEST) after Trump delayed the initial start date of the tariffs to July 9 to factor in more negotiations. US markets are on a long weekend break for Memorial Day.
Cryptocurrency giant bitcoin is above $US109,700.
The Aussie dollar is trading around US65.33c.
More Coverage
Originally published as ASX 200 live: WiseTech buying e2open; Elders earnings; Origin narrows guidance
Local investors cautious amid Trump tariff uncertainty
The White House has appealed the US Court of International Trade's rejection of US President Donald Trump's 'unbounded authority' in imposing his Liberation Day tariffs. Australia is reviewing the decision.
ASX snaps four day winning streak
Australia’s sharemarket snapped a four day winning streak during Wednesday’s trading after monthly inflation data came in hotter than expected.