ASX 200 logs another solid gain on takeover rumours in health and industrials, gold stocks slump again

Not one, but two potential major takeover rumours did the rounds today as Aussie stocks bounced back, well except for gold stocks, that is.
Carl Capolingua

Livewire Markets

The S&P/ASX 200 closed 34.3 points higher, up 0.45%.
The S&P/ASX 200 closed 34.3 points higher, up 0.45%.
The Australian stock market logged its second consecutive gain as markets globally ratcheted back some of the negativity baked in last week due to Middle East tensions and interest rate,, tensions!

Not one, but two potential major takeover rumours did the rounds today, with Wesfarmers (WES) potentially aiming at Ramsay Health Care (RHC), and Seven Group Holdings (SVW) potentially aiming at Cleanaway Waste Management (CWY).

Gold stocks tanked. It was brutal. Gold prices have pulled back, but the technicals suggest something far more sinister may be going on. As usual we've got all the info you need on everything that happened in today's trade, so...

Let's dive in!

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Carl Capolingua
Content Editor
Livewire Markets

Carl has over 30-years investing experience and has helped investors navigate several bull and bear markets over this time. He is a well respected markets commentator who specialises in how the global macro impacts Australian and US equities. Carl...

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