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Markets Live: ASX blows past 5800

Broad, bank-led gains have pushed the ASX 200 index back past 5800 points as investors extend yesterday's powerful session.

  • Telstra is set to cut up 1400 jobs from 'operations' as it looks to slash costs
  • Households are slipping deeper into a funk, worried about shaky economic data
  • 'Signs of stabilisation': China's retail sales and industrial output remain resilient
  • Iron ore hits new 12-month low, as steel demand slows, but no 'doomsday' ahead
  • Ten Network goes into voluntary administration, as billlionare investors pull plug

Fairfax Media Australia

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