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

MOn stage at the The Pop-up Globe theatre in Melbourne. Darrian Traynor/Getty Images

Australian stocks closed marginally lower.

Today’s scoreboard:

  • ASX 200: 5,744.30 -2.14 -0.04%
  • All Ordinaries: 5,804.00 -2.39 -0.04%
  • AUD/USD: 0.8031 +0.0011 +0.14%

The local market cruised to a flat close, losing gains made earlier in the day.

The banks were mixed, with the Commonwealth up 0.9% to $76.65 but the NAB down 0.1% to $30.71.

The miners did better, with BHP up 1% to $27.39 and Rio Tinto 1.1% to $69.61.

Top stories:

1. Australia’s biggest defamation payout. Actress Rebel Wilson has been awarded $4.56 million after winning a defamation action against Woman’s Day magazine.

2. Aveo now faces a class action from its aged residents. Maurice Blackburn Lawyers announced it will take registrations from former residents of the retirement home chain. Aveo shares lost 2.7% to close at $2.47.

3. Fly now, pay later. Jetstar targets millennials as it becomes the first airline to use Afterpay. At the close, Afterpay shares were up 9.5% to $4.38.

4. Corporate leaders join the same sex marriage Yes vote campaign. Qantas CEO Alan Joyce has personally donated $1 million.

5. The Turnbull government’s building watchdog boss has resigned after breaching workplace laws. Australian Building and Construction Commission (ABCC) commissioner Nigel Hadgkiss has gone.

6. CHART: Australians think putting new savings towards buying a house is a lousy idea, according to the latest Westpac-MI consumer sentiment survey for September.

7. Look to the gig economy. That’s where millennials are hanging out.

8. COUNTING IN THE CLOUD: How Xero took a metal band’s name and changed accounting for a million companies.

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