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.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.