AUSTRALIAN STOCKS GO NOWHERE: Here’s what you need to know

Newly-installed concrete security bollards outside the Lindt Cafe in Sydney. William West/AFP/Getty Images

Australian shares closed lower.

Today’s scoreboard:

  • ASX 200: 5,755.50 -9.62 -0.17%
  • All Ordinaries: 5,800.80 -7.87 -0.14%
  • AUD/USD: 0.7809 -0.0021 -0.27%

The local market opened a new week cruising to a soft close.

The banks were weaker with the ANZ closing 0.7% down to $29.94 and Westpac 0.35% to $31.29.

Among the miners, Fortescue Metals was up 1.9% to $5.37, Santos 2.6% to $3.07 and Rio Tinto 0.6% to $65.92.

Retailer Harvey Norman was down 1.45% to $4.08 and Telstra dropped 1.8% to $4.22.

Top stories:

1. Australian house prices surged last week. Auction clearance rate across Australia edged higher last week, according to preliminary figures released by CoreLogic over the weekend.

2. The smartphone is eventually going to die. And Apple, Google, Microsoft, and Facebook are racing to kill it.

3. Amber Harrison must pay Channel Seven’s legal costs. The NSW Supreme Court has ordered the former Seven West Media executive assistant, whose affair with the media company’s CEO Tim Worner turned into a bitter public dispute, to pay Seven’s legal fees.

4. Village Roadshow has just bought into anti-piracy video streaming group Linius. The $1 million private placement of ordinary shares is on top of a $500,000 invested by the Kirby family. Robert Kirby is co-executive chairman of Village Roadshow.

5. Mining jobs are starting to appear again in Western Australia. The state is seeing tentative signs of economic vigour after suffering from the end of the mining investment boom.

6. How lower interest rates in Australia have contributed to booming house prices. UBS analysts George Tharenou, Scott Haslem and Jim Xu took a closer look at the current state of Australia’s housing market in a research report.

7. A new startup co-working space at Sydney’s Australian Technology Park. Melbourne’s York Butter Factory will open a new co-working space in Sydney in August as part of national expansion plans in partnership with Mirvac.

8. Nearly 20,000 Australians are caught up in Bupa Global’s massive international data breach. The company admitted an employee had “inappropriately copied and removed some customer information” at its Bupa Global division, which provides international health insurance for frequent travellers.

9. “Tell me a story.” The interview question a Disney exec asks to decide if someone’s the right culture fit.