AUSTRALIAN STOCKS COOL: Here's what you need to know

Cooling down. Spectators at the 2018 Australian Open in Melbourne. Michael Dodge/Getty Images

Australian stocks closed flat.

Today’s scoreboard:

  • ASX200: 6,014.60 -1.20 -0.02%
  • All Ordinaries: 6,130.40 -3.90 -0.06%
  • AUD/USD: 0.7965 -0.0002 -0.03%

The local market opened strongly but lost steam as the day progressed.

Westpac was up 1% to $30.95 and the ANZ 0.6% to $28.53. The Commonwealth slipped 0.2% to close at $79.90.

The miners gave ground from early highs but still kept above water. Rio Tinto was up 0.4% to $78.83 and BHP 0.1% to $30.85.

Real estate group was up 5.6% to $0.57. There was no official announcement to explain the rise.

Top stories:

1. Jobs data. Here’s what economists are saying.

2. A major restructure at Myer. The department store, under pressure from a weak retail market, announced a major restructure of its management team, emphasising the importance to the department store of digital skills.

3. Australia’s household debt is now one of the highest in the world. Australian households are under greater financial pressure than previous official estimates indicated.

4. Alexa arrives with an Australian accent. Amazon’s attempt to burrow deeper into Australian homes, creating an identifiably Australian digital helper who takes commands via voice. Also read: NAB and Westpac meet Alexa.

5. Bitcoin is making a storming comeback. Cryptocurrency dip buyers have returned. Also read: Credit Suisse says bitcoin’s fair value is almost half its current price.

6. The housing market. The decline of property flipping in Australia. Also read: house prices might not be falling after all.

7. The fake news awards. “And the FAKE NEWS winners are…,” President Donald Trump tweeted.

8. The job interview. 15 terrible conversation starters you should avoid.

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