Australian Shares Flat Ahead of Upcoming US Economic Report; Insignia Financial's Shares Rally 15% Following Takeover Bid From CC Capital Partners

MT Newswires Live

Jan 06, 2025

Australian shares were flat on Monday's close tracking Asian markets as investors await a key economic report later in the week.

The S&P/ASX 200 Index changed little to close at 8,257.4.

Investors are keeping an eye out for Friday's US December payrolls report, where analysts expect unemployment to hold at 4.2%, Reuters reported.

The report said that "anything upbeat" may support the US Federal Reserve's case for fewer rate cuts within the year.

In corporate news, Insignia Financial (ASX:IFL) received a confidential, non-binding, and indicative takeover proposal via a scheme of arrangement from CC Capital Partners priced at AU$4.30 cash per share. Shares of the investment advice company rallied 15% at market close.

Norges Bank Investment Management acquired Canada Pension Plan Investment Board's 45% interest in Goodman Group's (ASX:GMG) Goodman North American Partnership (GNAP). Shares of Goodman Group rose nearly 2% at market close.

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Shares of the investment advice company rallied 15% at market close.</p><p>Norges Bank Investment Management acquired Canada Pension Plan Investment Board's 45% interest in Goodman Group's (ASX:GMG) Goodman North American Partnership (GNAP). Shares of Goodman Group rose nearly 2% at market close.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4098","symbol_name":"多种化学制品","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2501470298","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501470298","pubTimestamp":1736144223,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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