Gains in local shares pick up some speed in late trade, led up by the big miners following rises in commodity prices as well as a rally in BlueScope Steel, but the overall mood remains cautious as investors fret over Trump's protectionist stance.
- The big miners post solid gains to prop up the market as iron ore futures soar more than 6 per cent
- BlueScope shares surge to a six-year high following a profit upgrade thanks to stronger steel prices
- CIMIC launches $172m hostile takeover bid for Macmahon, offering investors a 32% premium
- The Aussie dollar tops US76c for the first time in more than two months as greenback weakens
- Trump has withdrawn the US from the Trans-Pacific Partnership trade deal and flagged a border tax
BusinessDay
