The ASX200 has been flat at 8,141 points.
Wall Street had a flat day and the US Fed has kicked off its two day monetary policy meeting. The rate decision is due in 24 hours and bets are firming it will be a 50 bps cut.
Back in Australia, sectors are mixed and fairly evenly split. Utilities has been the leading sector, up 1.8%, followed by Energy – half a percent and Staples around a fifth of percent. Health Care is the worst performing sector, down point six of a percent and Real Estate, down nearly half a percent.
Company News
Harvey Norman (ASX:HVN) has been up 0.31% after the launch of a class action by disgruntled customers. The suit alleges the company sold unnecessary and worthless extended warranties to tens of thousands of customers.
The customer’s say the extended warranties sold to them by the company provided no value because they featured the same protections as those already in place under Australian consumer law.
Harvey Norman has been $4.85
Woodside (ASX:WDS) has been up 0.06% on news it will supply 400,000 tonnes of liquified natural gas (LNG) annually for a decade to Japan.
The oil and gas producer has signed the long-term supply deal with JERA, commencing in April 2026 with the LNG to be sourced from across Woodside’s global portfolio.
Woodside has been $24.15.
Core Lithium (ASX:CXO) has been up around 8% after an update on exploration activities at its 100%-owned Shoobridge Project in the NT. A total of 28 RC drill holes for 3,535m were completed during July and August. The program targeted gold and lithium targets across five prospect areas at Shoobridge and Assay results from 21 holes are in the update.
Core Lithium has been 10.3 cents in early afternoon trade.