AUSTRALIAN STOCKS GO NOWHERE: What you need to know

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Australian stocks closed marginally lower again.

Today’s scoreboard:

  • ASX 200: 5,704.80 -7.42 -0.13%
  • All Ordinaries: 5,750.90 -10.14 -0.18%
  • AUD/USD: 0.7654 -0.0002 -0.03%

The local market picked up after US president Donald Trump made his address to Congress but still lost ground for the third session in a row this week.

Crown Resorts, the casino company controlled by billionaire James Packer, went ex-dividend and closed 8% lower at $11.64.

Telstra also went ex-dividend, dropping 3.7% to close at $4.64.

The banks added weight with the Commonwealth up 0.6% to $82.81. But the miners lost ground with Rio Tinto slipping 1% to $61.37.

The top stories:

1. The Australian economy storms back. Growth returned in the final three months of 2016, giving an annual rate of 2.5%.

2. Here’s what economists are saying about today’s Australian GDP report. The economy astonished yet again in the final three months of 2016, growing by a brisk 1.1%.

4. Chat with a robot. Domino’s launches an AI assistant to talk to about your pizza order.

5. Market chatter. Australian regulators looking at property prices.

6. Manufacturers just had their best month in 15 years. The Australian Industry Group’s manufacturing purchasing managers index (PMI) jumped by 8.1 points to 59.3 in February.

7. Finalising Australia’s new foreign policy. Every ambassador abroad is set to return to Australia to help with the policy.

8. Can’t let go of those dreaded performance reviews? You are not alone.

9. The excuses given to Australian women as to why they don’t get a promotion. Almost 60% of men were promoted twice or more in the past five years compared with only 41% of women.

10. Enjoy your paleo pear and banana bread. The new promo video for the Australian federal Department of Finance grad program.

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